Key lawmaker at center of spending bill debate demands Fed end asset purchases

Sen. Joe Manchin says he will make a deal with his own Democratic party on a spending bill, but only if the Federal Reserve begins pulling back on its monetary stimulus to the economy.

In a signed agreement with Senate Majority Leader Chuck Schumer (D-N.Y.), Manchin said he would only support a budget resolution with a top-line number of $1.5 trillion, with no funds in the new legislation disbursed until after all COVID-related federal spending is exhausted.

Another condition: The “Federal…

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