Budget Update

October 4, 2021
Budget Update

You could take pieces out, or you could start a piece in year 2, rather than year 1. Or you do some for five years, not 10, and count on it being so popular that when you come back in year six, well of course we’ll want to do it.

Sen. Tim Kaine (D-Va.) on some potential paths forward through current negotiations between Democratic factions on a spending bill.
  • A split in the Democratic party over a $3.5 trillion spending plan has led to a pause on a separate bill – for infrastructure spending with bipartisan support.
  • Progressive (more liberal) Democrats want a larger social spending plan than moderate (more center) Democrats.
  • Since Democrats have the majority in both the House and Senate, they can pass the legislation they want (more or less) – but the split over spending reflects a difference in philosophy within the party itself.
  • Why It Matters: A temporary spending bill has funded the government through the end of November; the question remains about what the future funding bill will look like, setting up a showdown before the holidays if no agreement is reached.

Democrats Weigh Cutting Programs or Reducing Scope to Trim $3.5 Trillion Bill

by Jenna Lee,