Biden Reframes His Agenda With a Manchin Spin, Touting Deficit Cuts
- President risks ire of progressives warning on growth impact
- Swing-vote Senator Manchin says deficit reduction crucial
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After championing the biggest expansion in federal aid to American families in decades, President Joe Biden is now putting the government’s budget deficit back in the spotlight --a nod to fiscal conservatism that may be needed to pass any more of his agenda.
In recent speeches, Biden has promoted the rapidly declining shortfall between revenues and public spending -- a result of the U.S. rebound and the phasing out of pandemic aid -- while emphasizing that his long-term economic agenda would speed the deficit’s contraction.