New inflation number feeds angst about Democrats' $2T bill

On Friday, the Labor Department said consumer prices grew last month at an annual rate of 6.8%, the highest in 39 years.

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United States ,South Carolina ,Washington ,White House ,District Of Columbia ,American ,Joe Manchin ,Lindsey Graham ,Nancy Pelosi ,Joe Biden ,Kamala Harris ,Kyrsten Sinema ,Senate Majority Leader Chuck Schumer ,Senate Minority Leader Mitch Mcconnell ,Senate Budget Committee ,Senate Democrats ,Congressional Budget Office ,Labor Department ,President Joe Biden ,Vice President Kamala Harris ,Minority Leader Mitch Mcconnell ,Responsible Federal ,Speaker Nancy Pelosi ,Biden Administration ,Democrat ,Government Reports On Rising Inflation And The Potential Costs Of President Joe Bidens Social Environment Legislation Raised Fresh Questions Friday About Bills Fate ,Ith Both Sides Hoping The New Numbers Would Influence Pivotal Sen Joe Manchin Moderate ,Dw Va ,As Spent Months Forcing Democrats To Trim The 10 Year , Trillion Package ,Rguing Its Too Expensive And At Times Citing Growing Inflation Asa Reason To Slow Work On The Bill Friday ,He Labor Department Said Consumer Prices Grew Last Month At An Annual Rate Of 6 8 ,He Highest In 39 Yearsa Separate Report From The Nonpartisan Congressional Budget Office Said That If Many Of Bills Temporary Spending Boosts And Tax Cuts Were Made Permanent ,T Would Add 3 Trillion To The Price Tag That More Than Double Its 10 Year Cost Around 5 Democrats Called Projections From Republican Requested Report Fictitious Manchin Aides Did Not Respond Requests For Comment Said Ina Brief Interview Thursday He Wanted Know Where We Are In Inflation And On True Of Bill ,Dding He Was Very Concerned The Latest Inflation Figures Prompted Biden To Use Some Of His Strongest Language Yet ,Elling Reporters At The White House On Friday ,I Think This Is The Peak Of Crisis While Numbers Illustratea Clear Political Danger For Administration ,He Recent Performance Of Financial Markets Suggests Investors Dont See Inflation Asa Long Term Problem Fridays Reports Popped Out Two Weeks Before Christmas ,Y When Senate Majority Leader Chuck Schumer ,Fdny ,Opes To End Months Of Talks Among Democrats And Finally Pusha Compromise Bill Through The Senate House Approved An Initial Version Last Month With Manchin Still Seeking Cuts Ina Measure That Originally Cost 3 5 Trillion ,He Days Reports At The Least Increased His Leverage Ina Tortuous Process Thats Already Seen Several Near Death Moments Caused By Democratic Infighting Worst ,He Numbers Fueled Worries That Manchin Might Abandon The Package ,Inking Iti Dont Know The Answer To That ,Iden Said At The White House When Asked If He Could Win Manchins Support Hed Talk To Lawmaker Early Next Week Every Democrat In 50 Chamber Will Have Back Bill So Vice President Kamala Harris Can Casta Tie Breaking Vote Approve It Political Sensitivity Of Inflation And Its Impact On Democratic ,A Collection Of Family Services ,Ealth Care And Climate Change Priorities ,As Illustrated Leaders Of Both Parties Tried To Spin The Numbers Their Advantage Democrats Argued That Inflation Report Intensified Need Approve Measure They Said Legislations Spending And Tax Credits For Health Care ,Hildrens Costs ,Ducation And Other Programs Would Help Families Cope With Rising Prices Most Of The Bill Is Paid For Tax Boosts On Wealthy Big Corporations Legislations Impact Will Be Reducing Costs Ordinary People ,Iden Said Republicans The Legislations Expenditures Would Further Feed Inflation ,Hich Has Been Driven By Supply Chain Delays Making Products Less Available And Spending Prompted Bya Strong Underlying Economy Senate Minority Leader Mitch Mcconnell ,R Ky ,Aid Inflation Means The Average American Has Gottena Pay Cut ,Redding ,T Is Unthinkable That Senate Democrats Would Try To Respond This Inflation Report By Ramming Through Another Massive Socialist Spending Package Ina Matter Of Days Possibly Mitigating The Political Impact Fridays Numbers Was They Were Expected And Representeda Modest Rise From Octobers 6 2 Adding Any Additional Juice Economy Might Worsen But Extra Fiscal Stimulus Over Next Several Years In Bill Be Less Than 1 Size Entire Us ,Aking Its Likely Inflationary Impact Mild ,Aid The Nonpartisan Committee Fora Responsible Federal Budget Democrats Limited Duration Of Many Initiatives In Their Package To Help Contain Bills Price Tag That Includes Extending Enhancements Child Tax Credit For Just One Year And Free ,Niversal Pre School For Only Six Years Its An Accounting Move Both Parties Have Used To Make Their Budget Plans Seem More Affordable Even Though They Would Like Proposals Be Permanent And Some May Extended Because Are Popular Republicans Such Phaseouts Robustly Big Tax Cuts In 2001 2017 If You Believe These Programs Go Away After One ,Wo Or Three Years ,Ou Shouldnt Havea Drivers License ,Aid Sen Lindsey Graham Of South Carolina ,Op Republican On The Senate Budget Committee ,Ho Requested The Cbo Estimates He Said Bills Higher Price Tag And Rising Inflation Meant Democrats Legislation Would Be Lethal To Economy Your Paycheck Argued Estimated Added 3 Trillion Cost Was Bogus Because If They Decided Seek Any Future Extensions Of Their Initiatives ,Hey Would Propose Savings To Pay For Them As If Sharinga Script ,Saki Called The Gop Claims Fundamentally Dishonest And Senate Majority Leader Chuck Schumer ,Aid Republicans Were Using Fake Scores Based On Mistruths House Speaker Nancy Pelosi ,D Calif ,Alled The Numbersa Phony Score Of An Imaginary Bill Outside Groups Have Produced Similar Estimates About Legislations Cost If Its Programs Were Permanent Cbo Numbers Usually More Clout In Congress Because Agencys Impartiality Is Respected Much Legislation Remains Play Manchin Still Wants To Removea Paid Family Leave Program And Curb Or Eliminate Some Tax Breaks Aimed At Encouraginga Shift Cleaner Energy Moderate Sen Kyrsten Sinema ,D Ariz ,As Also Pushed To Trim The Measure Democrats Have Had Differences Over How Ease Limits On Federal Tax Deductions That People Can Take State And Local Taxes In Addition ,He Senate Parliamentarian Must Decide Whether Some Provisions Includinga Top Party Priority Of Letting Millions Migrants Remain In The Us Violate Chambers Rules And Should Be Removed Thats Left It Unclear Schumer Will Able To Meet His Christmas Deadline ,New Inflation Number Feeds Angst About Democrats 2t Bill ,