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Biden rejects new Republican offer, to continue infra talks next week

US President Joe Biden on Friday rejected a new Republican infrastructure counteroffer, but will continue talks with Republicans next week

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Joe Biden | US Republicans | infrastructure

IANS  |  Washington 

Biden’s position on Trump’s order has been closely watched by Wall Street and Capitol Hill, where lawmakers from both parties have called for a strong stance against China over issues ranging from trade to human rights.
(Photo: Bloomberg)

US President on Friday rejected a new Republican counteroffer, but will continue talks with Republicans next week.

During a phone call with the president Friday, Senator Shelley Moore Capito, the top Republican negotiator, proposed a new offer to increase about $50 billion in spending across a number of programs, White House press secretary Jen Psaki said in a statement.

"The President expressed his gratitude for her effort and goodwill, but also indicated that the current offer did not meet his objectives to grow the economy, tackle the climate crisis, and create new jobs," Psaki said.

"He indicated to Senator Capito that he would continue to engage a number of Senators in both parties in the hopes of achieving a more substantial package," Psaki said, adding the two sides agreed to speak again on Monday, the Xinhua news agency reported.

Republicans had previously offered a $928-billion counteroffer, while the White House had lowered the overall price tag of Biden's $2.3-trillion infrastructure plan to $1.7 trillion.

Biden also spoke Friday to Peter DeFazio, chairman of the House Transportation and Infrastructure Committee, which plans to begin debate on Biden's infrastructure proposal next week.

"The President and Chairman DeFazio agreed on the benefits of continued engagement with Democratic and Republican Senators as the House work on infrastructure advances this coming week," Psaki said.

Biden could pursue a massive infrastructure package with only Democratic votes if bipartisan negotiations ultimately collapse, according to local media.

--IANS

int/rs

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sat, June 05 2021. 08:43 IST
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