June 23, 2024

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Crude oil closes heavily, backed by declining U.S. cargo

U.S. Senator rejects Biden’s $ 1.75 dry package

On Sunday, US Senator Joe Mancin, a member of the moderate Democrats who is seen as key to implementing President Joe Biden’s $ 1.75 trillion domestic investment package, said he would not support the bill.

“I can not vote to continue this law,” Mancin said in an interview with Fox News Sunday. “I can not. I tried everything man could.”

The White House has not yet commented.

Mansin has been a major obstacle in the White House’s “Built Better” program aimed at strengthening the Social Security web and combating climate change, and is the cornerstone of Biden’s legislative agenda.

The support of the West Virginia Senator is crucial in a Senate where Democrats have the slightest chance and Republicans will unanimously oppose the bill.

Biden said last week, after talking to Mansin, the senator had “reaffirmed his support for ‘Building Better’ at the level of the outlines announced in September”. The Democratic president has promised to work in the coming weeks to finalize a deal.

While negotiations with Mans have been going badly, Biden’s advisers have expressed hope in recent days that an agreement will be reached.

Many Democrats see the passage of the bill as essential to the possibility of retaining control of Congress in next year’s elections.

The package will raise taxes on the wealthy and businesses to pay for ongoing programs aimed at preventing climate change, increasing health subsidies and providing free day care.

Biden argued that reducing these costs was important at a time when inflation was rising and the economy was recovering from the effects of the corona virus epidemic. Republicans say the proposed package will trigger inflation and affect the economy.

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