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Manchin Rejected Biden Bill Over Inflation, Debt Concerns. How Founded Are Those Worries?
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wsj.comSen. Joe Manchin (D., W.Va.) cited inflation concerns as a key reason for rejecting President Biden’s roughly $2 trillion social- and climate-spending package, essentially dooming the fate of the bill as currently written. As Democrats consider what to do next, a central topic of debate will be the potential effect of any additional spending proposals on price pressures.
The Biden administration and many economists say the package would add to inflation slightly over the short term. But Republicans, who say more government spending would fuel higher inflation, are likely to continue to oppose the package.
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