Manchin improves the odds of a Senate deal
Via CNN,
Senator Joe Manchin moments ago did not rule out a $1.9 trillion-$2.2 trillion price tag on social safety net package. He has been at $1.5 trillion. Biden has floated the $1.9-2.2 trillion number privately. Manchin told CNN, "I'm not ruling anything out."
I think he knows that some compromises will need to be made. I'm not sure sure Sinema feels the same way. Though if she loses Manchin, it's going to be lonely.
I tend to think that package is ultimately growth-friendly but we'll see how stocks react to higher corporate rates.
