Some Democrats despise him. Some Republicans lionize him. He seems to be pleasing all the wrong people, but this could make Democratic Sen. Joe Manchin of West Virginia exactly the type of purplish crossover politician voters would cheer as a 2024 presidential candidate. Manchin, of course, has gained fame and notoriety for saying he won’t vote for President Biden’s “build back better” legislation. There are only 49 other Democratic senators, so Manchin’s defection is a de facto… Source link
Read More »Manchin killing Build Back Better is ‘devastating’ to climate change action, experts say
When Sen. Joe Manchin, D-W.Va., announced on Fox News on Sunday that he won’t vote for the current version of Build Back Better, experts predicted he may have single-handedly killed the world’s best hope of avoiding catastrophic climate change. In order to avoid breaching the 1.5 degrees Celsius threshold that will trigger a cascade of devastating effects, the Intergovernmental Panel on Climate Change has said that global emissions of the greenhouse gasses that cause climate change must… Source link
Read More »Stocks, Futures Sink on Manchin Shock, Virus: Markets Wrap
(Bloomberg) — Investor sentiment sagged Monday amid turmoil for President Joe Biden’s economic agenda and rising global omicron infections, spurring selloffs in stocks, equity futures and oil, while bolstering sovereign bonds. Most Read from Bloomberg U.S. futures and European shares all trimmed losses to about 1% after Moderna Inc. said its vaccine increased antibody levels against the variant. Treasuries pared an increase and the dollar held a jump from Friday, while crude oil slid on… Source link
Read More »Manchin is ‘asking exactly the right questions’ on $3.5 trillion budget plan
Senator Joe Manchin (D-WV) threw a monkey wrench into Democratic plans to quickly pass their proposed $3.5 trillion budget plan with an op-ed last week that called for a “pause.” And while the Democratic-led House is “moving at light speed” to pass the legislation, Rep. Kevin Brady (R-TX) said on Yahoo Finance Live (video above), Sen. Manchin — who holds a crucial swing vote in the upper chamber — is “asking exactly the right questions.” Some experts predict that for the bill to… Source link
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