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Democrats Move to Break Stalemate on Biden Plan by Scaling Back

  • Back-to-back meetings held at White House on Tuesday
  • Democrats plan to cut college tuition, trim back child credit
Bloomberg business news
Democrats Look to Scale Back Biden’s Economic Agenda
Updated on

Congressional Democrats made significant headway in breaking their stalemate on President Joe Biden’s economic agenda Tuesday by jettisoning or trimming portions of the multitrillion-dollar tax and spending package.

The progress came after Biden met with representatives of both wings of the party at the White House on Tuesday and as Senate Majority Leader Chuck Schumer put pressure on Democrats to sew up a deal this week.