As Democrats focused on finalizing President Biden’s plan aiming to invest in social safety and climate policy, House Speaker Nancy Pelosi said Tuesday that lawmakers “are on the verge of something major – transformative, historic and bigger than anything else.”
Pelosi informed reporters that 90% of the legislation is written following days of negotiations among House, Senate, and White House officials on several outstanding issues.
“Most of that has been negotiated, most of it is ready to go,” House Majority Leader Steny Hoyer said.
“And we are just waiting for the last parts of the bill to be put together. We’re hopeful that that will be done in the next few hours, frankly.”
Biden’s Build Back Better plan intends to invest up to $2 trillion in social programs, including the expansion of child care benefits, and climate policy. Passing the plan is essential for the Biden administration to go ahead with their economic agenda.
“This week, Democrats are continuing to make important progress toward finalizing President Biden’s plan, and we remain confident that a final deal is within reach,” Sen. Maj. Leader Chuck Schumer added.
