(Reuters) – The US Congress’ budget bureau announced it would release a full estimate of the cost of President Joe Biden’s “Build Back Better” bill on Thursday afternoon.
The $ 1.75 trillion proposal aims to expand the social safety net in the United States and promote climate change policies.
The CBO, a non-partisan arm of Congress, is expected to come up with revenue figures for the IRS and drug pricing rules, Democratic lawmakers said.
If passed by the House of Representatives, the social policy law would pass into the Senate, also controlled by the Democrats, where Majority Leader Chuck Schumer plans to pass it before the Thanksgiving holiday on November 25th.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that may arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.