Biden's Economic Plan Gets Boost From Senate Reconciliation Ruling
Published Date: 4/6/2021
Source: Bloomberg Quicktake: Now
The prospects for President Joe Biden’s economic agenda could be enhanced by a ruling from the Senate parliamentarian that opens the door to passing multiple additional bills this year without any Republican support. A spokesman for Senate Majority Leader Chuck Schumer said Monday that Parliamentarian Elizabeth MacDonough has ruled Democrats could enact another reconciliation package by revising the budget blueprint the Democratic Congress adopted earlier this year. The ruling “allows Democrats additional tools to improve the lives of Americans if Republican obstruction continues,” said the spokesman, Justin Goodman. Goodman said no decisions have been made on how to move Biden’s agenda, but called the decision nonetheless “an important step forward” and “that this key pathway is available to Democrats if needed.” Senate Finance Chairman Ron Wyden, an Oregon Democrat, praised the rulling. ”The American people want bold action to address our country’s many challenges, and Democrats now have more options to overcome Republican obstruction and get things done,” he said in a statement on Monday evning. Biden’s $1.9 trillion coronavirus relief package passed using the budget reconciliation process, which bypasses the 60-vote rule required to pass most legislation in the Senate. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake