Biden announces $1.75tn US spending proposal before Europe trip – The National
- Date: 29-Oct-2021
- Source: The National
- Sector:Financial Markets
- Country:Saudi Arabia
Biden announces $1.75tn US spending proposal before Europe trip – The National
US President Joe Biden on Thursday touted a new $1.75 trillion framework for economic and climate change spending that he believes will pass the Senate, taking a huge gamble that his Democratic Party will support his proposals even though it is unclear he has the backing he needs.
In a speech from the White House, Mr Biden appeared eager to have a deal secured before heading to twin summits in Europe, where he is visiting Rome for meetings with Pope Francis and G20 leaders, then a UN climate conference in Glasgow.
“I’m pleased to announce after months of tough and thoughtful negotiations, I think we have, I know we have, a historic economic framework,” Mr Biden said.
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