Free Republic

The White House remains mum on how it plans to pay for President Biden's decision to cancel between $10,000 to $20,000 in student debt for some Americans or if future tax hikes will be needed to cover the proposal which, by some estimates, costs more than $500 billion. Despite unveiling the policy earlier this week, administration officials have yet to clarify how the proposal will be paid for in the long term. Since the current plan calls for the government to forgive the debt, that means taxpayers are likely on the hook for much of the principal and interest is...

Sen. Joe Manchin's deal with Senate Majority Leader Chuck Schumer for an oil and gas permitting bill in exchange for the West Virginia senator's support for the White House's $739 billion climate change spending and tax hike, signed into law last week by President Biden, is in jeopardy, as progressives say they are not bound by any agreement and vow to oppose the legislation.

President Biden hosted Sen. Joe Manchin III of West Virginia, a key swing vote for his legislative agenda, in Delaware on Sunday as Democrats weigh a new billionaire’s tax to help pay for their multi-trillion-dollar expansion of the federal safety net. Mr. Biden met with Mr. Manchin and Senate Majority Leader Charles E. Schumer at the president’s Delaware home for a wide-ranging discussion on the spending plan. The talks came as Democrats have become increasingly optimistic that a deal is at hand. “We have 90% of the bill agreed to and written. We just have some of the last decisions...