(Bloomberg) -- Senate Majority Leader Chuck Schumer said the White House and congressional Democrats have agreed on a “framework” to pay for President Joe Biden’s economic plan. Schumer gave no details of the agreement in brief remarks at a news conference Thursday with Treasury Secretary Janet Yellen and House Speaker Nancy Pelosi. He said only that the agreement is on “the revenue side” of the expansive package of spending on social programs that Democrats have been struggling to put together. Pelosi said, “That means we are proceeding. We have made great progress.” Their comments follow Biden’s meetings Wednesday with group of moderate and progressive Democrats to resolve some of the disputes on elements from taxes to spending have threaten to stall or unravel the president’s plans.
©2021 Bloomberg L.P.
BNN Bloomberg Picks
Higher rates equals a day of opportunity for the savvy saver
Think everything's expensive now? Wait until you see what's next
Nova Scotia eyeing taxes for homebuyers coming from outside the province
Canadians plan to spend more this holiday season: Survey
'Rolling the dice': Expert warns on variable mortgage rate risks
The second U.S. Bitcoin ETF is set to start trading Friday