FirstFT: Major Democrats reject Biden’s spending bill
U.S. President Joe Biden Suffer When Joe Manchin, a key Democratic Senator from West Virginia, explicitly rejected the plan, he worked hard to pass the $1.75 trillion social expenditure bill he signed.
“I can’t vote for the continuation of this legislation. I just can’t. I have tried every possible method for humans. I can’t get there,” Manchin said after weeks of intense negotiations with the White House and Democratic congressional leaders. Speaking on Fox News on Sunday. “This is a no.”
Biden admitted last week that negotiations on legislation — promising substantial investments in childcare, education, and combating climate change — may continue for several weeks, but he added that he still hopes to “bridging differences” with Manchin in the end. .
However, Manchin’s remarks indicated that the West Virginia senator would either completely oppose it, or crush the bill, or seek more fundamental changes and legislative reductions.
Do you approve of the American Social Expenditure Act?Email me [email protected]. Thank you for reading FirstFT Asia.This is the rest of the news today-Emily
There are five more stories in the news
1. Hong Kong awaits election results Voting for the first time since the Hong Kong Legislative Council election reform Hit a record low It was only 30.2% yesterday. The counting of votes is expected to continue until this morning.KPMG is one of several large companies in Hong Kong Encourage employees to vote In an election that the government calls “Patriots Only”. (South China Morning Post, Financial Times)
2. Taiwanese voters support the government on the U.S. pork referendum President Tsai Ing-wen of Taiwan achieves political victory over the weekend Four referendums Supports key policies of the government that opposes her, including allowing U.S. pork imports to fail.
3. Brussels urges EU-UK relations to reset EU Brexit negotiator Maros Sefcovic called for Strategic partnership Work with the United Kingdom to resolve key issues such as climate change and European security, and said that resolving the Northern Ireland dispute will “rebuild political trust.”
4. Pakistan seeks to appease protesters of “One Belt One Road” port project The Pakistani government has sought Ease tension It has to do with one of China’s “One Belt One Road” investments shown in the country, reaching an agreement with protesters who have been demonstrating in the port city of Gwadar for several weeks.
5. The EU and its allies cooperate to deal with possible sanctions against Russia EU leaders agree to coordinate with allies Sanctions In the case of the Ukrainian invasion, the group officials were ordered to prepare measures, including cutting off the connection between the Russian bank and the international Swift network.
President Joe Biden’s chief medical adviser warned The “pressure” on American hospitals is increasing As the new coronavirus cases related to the Omicron variant began to “rageous”.
UK Sajid Javid, Minister of Health Failed to exclude Stricter Covid-19 restrictions were implemented in England before Christmas.
This Bank of Japan will reduce Its emergency financial support plan reduced the amount of corporate debt purchases to pre-pandemic levels.
After weeks of allegations of defamation and reports of Covid’s offending parties, the British Prime Minister Boris Johnson suffer Huge blow After his Conservative Party lost a seat in parliament that had held it for 200 years.
the day before
China review of the best lending rate The People’s Bank of China will review its prime lending rate, which is the actual benchmark for new loans. Traders and economists predict that interest rates may fall, According to a poll by Reuters. (Reuters)
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