Biden to meet with Sens. Manchin, Sinema on $3.5 trillion spending plan

President Joe Biden on Wednesday was reportedly scheduled to meet with Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, two moderate Democrats whose objections to the size of a proposed package of social and environment initiatives has thrown serious obstacles in its path. The Associated Press said Biden would meet separately with the two lawmakers. As the Hill, which also reported on the meetings, notes, both moderate Democrats have balked at Democratic leaders' top-line spending target of $3.5 trillion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Biden to meet with Sens. Manchin, Sinema on $3.5 trillion spending plan
President Joe Biden on Wednesday was reportedly scheduled to meet with Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona, two moderate Democrats whose objections to the size of a proposed package of social and environment initiatives has thrown serious obstacles in its path. The Associated Press said Biden would meet separately with the two lawmakers. As the Hill, which also reported on the meetings, notes, both moderate Democrats have balked at Democratic leaders' top-line spending target of $3.5 trillion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.