US Senator Manchin: Lawmakers are getting close to topline on spending bill
|Democratic US Senator Joe Manchin said on Thursday that Democratic lawmakers are moving closer to an agreement on a "topline" figure for the spending bill, as reported by Reuters.
"Negotiations are ongoing, we're still talking to the White House," Manchin added. "The child tax credit is being negotiated, the program already in place through 2025."
On a similar note, US Senate Democratic Leader Chuck Schumer that they were "getting closer" to US President Joe Biden's agenda bill.
It's worth noting that Biden has reportedly lowered the spending bill target to between $1.75 trillion and $1.9 trillion.
Market reaction
These comments don't seem to be having a noticeable impact on market sentiment. As of writing, the S&P 500 Index was virtually unchanged on the day at 4,535.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.