U.S. President Joe Biden on Thursday said the Democratic Party has reached an economic framework on a spending bill that includes historic investments in the country and that will help reduce the deficit, Reuters reports.
Biden made the remarks from the White House, just before heading to Rome for a meeting of G20 leaders, after which he will attend a U.N. climate change conference in Glasgow, Scotland.
Today, I'm pleased to announce after months of tough and thoughtful negotiations, I think we have, I know we have a historic economic framework, Biden said.
The Reuters report notes that despite Biden's optimism, the fate of his spending plan remains uncertain as a rift between progressive and moderate Democrats continues to slow progress of Biden's twin spending measures, a $1 trillion bipartisan infrastructure bill and a separate $1.75 trillion partisan plan to expand the social safety net and tackle climate change.