Chinanews.com, October 25. According to a report by the American Chinese website, the Speaker of the House of Representatives Pelosi said on the 24th local time that the Democrats are close to reaching an agreement on President Biden's social expenditure bill.
"We have agreed and written 90% of the bill. We just need to make some final decisions." Pelosi said in an interview.
When asked if an agreement will be reached before Biden goes to Europe, Pelosi replied: "I think we are almost there now."
Pelosi also said that the reduced bill will still be voted on as planned on October 31, when federal highway funds will expire.
"We won't miss the deadline because of progressives. The deadline is missed because they cut the size of the bill in half from $3.5 trillion." Pelosi added.
When talking about how to fund the new plan, Pelosi said that the bill has not been written yet. "We hope it will be written today and launched tomorrow. Only in this way can the joint tax committee assess what it will bring. "
When asked if she was frustrated with the opposition of two Democratic Senators Manchin and Sinema against the original 3.5 trillion dollar bill, Pelosi said that she “respects everyone’s point of view.”
Pelosi acknowledged that the scale of the new package is much smaller than the one originally proposed, but said the plan will be "transformative."
"This is less than we expected at the beginning, but it still does more than anything we have done in meeting the needs of American working families," she said.