Democratic Sen. Joe Manchin of West Virginia on Tuesday continued to express concerns about President Joe Biden’s Build Back Better plan, citing high U.S. inflation.
Federal Reserve officials are now say saying inflation is “not transitory and they’re hoping it’ll reduce, and we don’t know — we’ll have to wait and see,” Manchin said at The Wall Street Journal’s CEO Council Summit.
Democrats need Manchin’s support to advance the legislation through a process known as budget reconciliation because the Senate is split 50-50 and no Republicans are supporting the Build Back Better Act. “One goes for three years, one goes for one year, and maybe one other one might go for the full 10 years. Do they not intend for those programs to last the full time 10 years? Well, if you intend for that to happen, what’s the real cost?” he asked.
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