Biden reportedly lowers GOP infrastructure offer to $1 trillion in new spending
After President Biden hosted Republican infrastructure negotiator Sen. Shelley Moore Capito (R-W.Va.) on Wednesday afternoon, the White House called the Oval Office meeting "constructive and frank" while Capito's office said she was "encouraged that negotiations have continued." But despite these "bland statements," Politico reports Thursday morning, Biden made a new offer and "the GOP is considering another counteroffer that could come as soon as Friday, when Capito will be talking to Biden again, this time likely by phone."
Capito briefed her fellow GOP negotiators Wednesday night, and three people familiar with the talks told Politico that Biden's new offer is $1 trillion in new spending, down from $1.7 trillion and his initial $2.3 trillion plan. Biden also is reportedly insisting that the spending be partially paid for by raising the corporate tax rate. The Republicans, who raised their initial $568 billion counteroffer to $928 billion, with only $257 billion in new spending, "weren't happy, to say the least," Politico says, and Capito and her group haven't decided what their next move will be.
At the same time, "the White House is making it increasingly clear that time is running out to craft a bipartisan agreement," The Washington Post reports. Biden has an "honest and earnest desire" to reach a bipartisan deal, "and there's definitely optimism on both sides," Energy Secretary Jennifer Graholm said on CNBC Wednesday. But "there is a time limit on this."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
"Patience is not unending, and he wants to make progress," White House Press Secretary Jen Psaki said a bit later. Biden's "only line in the sand is inaction," she added. "He wants to sign a bill into law this summer."
"I don't think Senate Republicans are interested in $1 trillion in new spending, or changing the tax cuts ... or raising other taxes — and that's been clear from Day 1," one person familiar with the talks told Politico. "It's a great dance but at some point the music is going to stop. Clearly nobody wants to be holding the bag."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
How much of a blow is ICC arrest warrant for Netanyahu?
Today's Big Question Action by Hague court damages Israel's narrative that Gaza conflict is a war between 'good and evil'
By Chas Newkey-Burden, The Week UK Published
-
UK gynaecological care crisis: why thousands of women are left in pain
The Explainer Waiting times have tripled over the past decade thanks to lack of prioritisation or funding for women's health
By Harriet Marsden, The Week UK Published
-
'The Hum': the real-life noise behind The Listeners
In The Spotlight Can some of us also hear the disturbing sound that plagues characters in the hit TV show – and where is it coming from?
By Chas Newkey-Burden, The Week UK Published
-
ATACMS, the long-range American missiles being fired by Ukraine
The Explainer President Joe Biden has authorized their use for the first time in the war
By Justin Klawans, The Week US Published
-
GOP's Mace seeks federal anti-trans bathroom ban
Speed Read Rep. Nancy Mace of South Carolina has introduced legislation to ban transgender people from using federal facilities
By Rafi Schwartz, The Week US Published
-
Ukraine fires ATACMS, Russia ups hybrid war
Speed Read Ukraine shot U.S.-provided long-range missiles and Russia threatened retaliation
By Peter Weber, The Week US Published
-
New York DA floats 4-year Trump sentencing freeze
Speed Read President-elect Donald Trump's sentencing is on hold, and his lawyers are pushing to dismiss the case while he's in office
By Rafi Schwartz, The Week US Published
-
Wyoming judge strikes down abortion, pill bans
Speed Read The judge said the laws — one of which was a first-in-the-nation prohibition on the use of medication to end pregnancy — violated the state's constitution
By Peter Weber, The Week US Published
-
US sanctions Israeli West Bank settler group
Speed Read The Biden administration has imposed sanctions on Amana, Israel's largest settlement development organization
By Rafi Schwartz, The Week US Published
-
Gaetz ethics report in limbo as sex allegations emerge
Speed Read A lawyer representing two women alleges that Matt Gaetz paid them for sex, and one witnessed him having sex with minor
By Peter Weber, The Week US Published
-
Biden allows Ukraine to hit deep in Russia
Speed Read The U.S. gave Ukraine the green light to use ATACMS missiles supplied by Washington, a decision influenced by Russia's escalation of the war with North Korean troops
By Peter Weber, The Week US Published