Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.
The Democrats said to have backed the need to trim the top line of the social safety net package to range between $1.9 trillion and $2.2 trillion.
Biden told the group that was the range he felt Sens. Joe Manchin and Kyrsten Sinema would accept but did not specify further within that range.
Given the increasing hopes of overcoming the deadlock on the much awaited US stimulus package, the news helps the S&P 500 Futures to reap gains despite the downbeat Wall Street closing levels.
Tags biden CNN Senate spending package stimulus US Economy
Check Also
Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions
Oil prices began the week on a positive note, bolstered by data showing cooling U.S. …