Pelosi 'very disappointed' Dems have to cut Biden's $3.5T plan
Daily MailHouse Speaker Nancy Pelosi said she is 'very disappointed' Democrats will have to trim down their $3.5 trillion budget reconciliation bill after moderates balked at the number, and said the IRS proposal for banks to hand over transaction data would still be included. Pelosi said in a letter Monday night that she had continued discussions on the $3.5 trillion bill, the Build Back Better agenda, throughout her trip. During a news conference, a reporter told Pelosi that banks were 'starting to get calls' from customers worried about the IRS proposal tucked into the bill that would have banks hand over all transaction data on accounts over $600. Joe Manchin and Kyrsten Sinema are the last remaining stalwarts against the robust spending bill they have said is too costly Democrats need all 50 votes in their caucus in the split Senate to pass reconciliation bills, where Vice President Kamala Harris can submit a tie-breaking vote.