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U.S. Rep. Jayapal asks Biden to continue focus on 'Build Back Better', urges executive action

Sunday, December 26, 2021
U.S. Rep. Jayapal asks Biden to continue focus on 'Build Back Better', urges executive action © Reuters. FILE PHOTO: U.S. Representative Pramila Jayapal (D-WA) speaks to reporters outside the House Floor of the United States Capitol in Washington, U.S., December 2, 2021. REUTERS/Evelyn Hockstein

By Kanishka Singh

(Reuters) - U.S. Representative Pramila Jayapal, a leading liberal House Democrat, has asked President Joe Biden to continue focusing on his social spending legislation and urged him to use executive action despite Senator Joe Manchin's public rejection of the plan.

In an opinion piece in the Washington Post on Sunday, Jayapal, chair of the Congressional Progressive Caucus (CPC), wrote that the CPC will soon release a plan for some actions like lowering costs, protecting the health of families, and tackling climate action.

"The Progressive Caucus will continue to work toward legislation for Build Back Better, focused on keeping it as close to the agreed-upon framework as possible", she wrote in the newspaper https://wapo.st/32jgLRb.

Manchin, a conservative Democratic senator, rejected the president's "Build Back Better" plan last Sunday in a move that imperils the legislation.

Manchin's move prompted investment bank Goldman Sachs (NYSE:GS) to lower its forecasts for U.S. economic growth. Manchin's rejection of the bill threatened to scuttle hundreds of billions of dollars in funding for measures to fight climate change and meet the Biden administration's climate goals.

"Taking executive action will also make clear to those who hinder Build Back Better that the White House and Democrats will deliver for Americans", Jayapal wrote.

Manchin has expressed concerns about a number of proposals in Biden's signature domestic policy bill, including multiple climate proposals and extending monthly child tax credit payments.

Manchin's support is crucial in a chamber where the Democrats have the slimmest margin of control and Republicans are united in their opposition to the bill. Senate Majority Leader Chuck Schumer has said the chamber would vote on a package in early 2022.

The White House said on Wednesday that conversations with Manchin's office will continue. Biden said on Tuesday that he and Manchin were "going to get something done" on the legislation.

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17-01-2022 19:58:15 (UTC+7)

EUR/USD

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EUR/USD

1.1418

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Adidas AG

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 EUR/USD1.1418↑ Buy
 GBP/USD1.3657Neutral
 USD/JPY114.54↑ Buy
 AUD/USD0.7219↑ Buy
 USD/CAD1.2501↑ Sell
 EUR/JPY130.79↑ Buy
 EUR/CHF1.0429↑ Buy
 Gold1,819.45↑ Buy
 Silver23.062↑ Buy
 Copper4.4380↑ Buy
 Crude Oil WTI83.67↑ Buy
 Brent Oil86.54↑ Sell
 Natural Gas4.264↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,302.14↑ Sell
 S&P 5004,662.85↑ Buy
 DAX15,933.72↑ Sell
 FTSE 1007,611.23↑ Buy
 Hang Seng24,218.03↑ Buy
 Small Cap 20002,161.55↑ Buy
 IBEX 358,838.70↑ Sell
 BASF68.140Neutral
 Bayer52.82↑ Buy
 Allianz227.05↑ Buy
 Adidas252.65↑ Buy
 Lufthansa7.241↑ Sell
 Siemens AG146.00Neutral
 Deutsche Bank AG12.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,148
SJC HCM6,110/ 6,170
(0/ 0) # 1,158
SJC Hanoi6,110/ 6,172
(0/ 0) # 1,160
SJC Danang6,110/ 6,172
(0/ 0) # 1,160
SJC Nhatrang6,110/ 6,172
(0/ 0) # 1,160
SJC Cantho6,110/ 6,172
(0/ 0) # 1,160
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