«We can’t overreach to the point to where we stymie investments.»
President Joe Biden is laying out an ambitious agenda that aims to expand the government’s role in the economy. In a speech before a joint session of Congress on Wednesday, Biden asked lawmakers to pass his American Families Plan, which would spend $1.8 trillion on healthcare, child care, and education. He also urged Congress to pass his $2.25 trillion infrastructure package that he unveiled earlier this month. However, Sen. Joe Manchin (D-W. Va.) is signaling that he has some concerns about the proposed spending. CNN’s Manu Raju asked him on Thursday, “Are you concerned about this push for a more expansive government?” “Oh, most certainly. Yea, I am. But I want to see the details,” Manchin said, adding, “The bottom line is, [there’s] a lot of need in our country. There’s a lot of opportunities in our country that are coming.” He continued, “And basically, we’re coming out of this pandemic with a booming economy. We’re going to have a booming economy… I’m told that all the banks, even all my community banks, have a tremendous amount of savings.
