The White House on Thursday announced that Democrats had reached a deal on the broad strokes of their multi-trillion budget reconciliation bill, resolving months of infighting among the Democratic caucus in Congress. To appease Sens. Joe Manchin (D-W. Va.) and Kyrsten Sinema (D-Ariz.), the bill’s price tag has been slashed in half from an original top-line price of $3.5 trillion down to a top-line price of $1.75 trillion. “After hearing input from all sides and negotiating in good faith with Senators Manchin and Sinema, Congressional Leadership, and a broad swath of Members of Congress, President Biden is announcing a framework for the Build Back Better Act,” announced President Joe Biden in an online press release. Manchin and Sinema have long held up the legislation, citing concerns over the bill’s price and its potential to cause unintended collateral damage, to the chagrin of progressive Democrats. Since the bill’s inception, Manchin, Sinema, and others …
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