WASHINGTON (Reuters) – The two top Democrats in the U.S. Congress announced a revenue deal on Thursday that they said would pay for President Joe Biden’s social spending agenda, marking a major step forward in their effort to enact sweeping legislation.
“The White House, the House and the Senate have reached agreement on a framework that will pay for any final negotiated agreement. So the revenue side of this, we have an agreement on,” Senate Majority Leader Chuck Schumer said at a press conference.
“We are writing legislation, and when you’re writing legislation, you have to be specific. And this took us a long way to a framework,” said House Speaker Nancy Pelosi.
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