House passes Build Back Better bill after overnight delay
CBSN
The House passed the Build Back Better social spending plan Friday morning, after the vote, which was supposed to take place Thursday night, was delayed by House Minority Leader Kevin McCarthy's hourslong overnight floor speech. The bill passed 220-213 at 9:46 a.m. Friday, and afterwards, Democrats in the House could be heard chanting, "Nancy, Nancy, Nancy."
The legislation still faces hurdles in the Senate, where it's unclear whether moderate Senators Joe Manchin and Kyrsten Sinema will agree to some of the provisions included by the House. In short, the debate over President Biden's signature plan to expand the social safety net isn't over yet.
"The Build Back Better Act is fiscally responsible," Mr. Biden said in a statement. "It reduces the deficit over the long-term. It's fully paid for by making sure that the wealthiest Americans and biggest corporations begin to pay their fair share in federal taxes. It keeps my commitment that no one earning less than $400,000 a year will pay a penny more in federal taxes. Leading economists and independent experts on Wall Street have confirmed that it will not add to inflationary pressures. Instead, it will boost the capacity of our economy and reduce costs for millions of families."
