Democrats Eye Penalties for Utilities That Miss Climate Targets
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Democrats Budget Plan Would Mandate 80% Carbon-Free Electricity
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Senate Democrats Agree to $3.5 Trillion Tax, Spending Plan Bloomberg 7 hrs ago © Bloomberg Biden Proposes $715 Billion For Pentagon In First Budget Outline
(Bloomberg) Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support.
Democrats on the committee had been divided about the size and scope of the package, with Chairman Bernie Sanders initially pushing a $6 trillion measure that added an expansion of Medicare, immigration reform, more generous childcare benefits and more to Biden’s proposal.
The Budget Committee agreement includes the Medicare expansion, marking a significant win for Sanders. Senator Mark Warner of Virginia, a moderate, said the bill would be “fully paid for.”