The moderate Senate Democrat said Congress needs to watch inflation to determine whether it is 'transitory or not.'
"human infrastructure" legislation would provide funding for key Democratic priorities, including free community college, childcare credits, Medicare expansion, green cards for some undocumented immigrants, a child tax credit, tax increase on large corporations and wealthy Americans and other proposals.
The plan is considered an important part of President Joe Biden and congressional Democrats' agenda leading into the 2022 midterm elections. While government spending during a recession usually helps economic recovery, government spending during an economic expansion tends to drive up inflation. Supply shortages created by the pandemic and labor shortages have also been blamed for rising inflation risks.. However, he added,"The vast majority of the experts, including Wall Street, are suggesting that it's highly unlikely that it's going to be long term inflation that is going to get out of hand."of beginning the $3.
Democrats want to pass the $3.5 trillion spending package using the budget reconciliation process, which requires only a simple majority vote in the Senate for approval. The Senate is currently evenly divided between 50 members in the Republican Caucus and 50 members in the Democratic Caucus. As such, the Democrats would need all 50 caucus members to vote in support of it so that Vice President
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