Joe Manchin tanked Biden's major clean-energy plan, the president still wants to spend $555 billion
to fight the climate crisis
President Joe Biden unveiled a $555 billion investment for the climate in a $1.75 trillion framework for Democrats' social-spending bill on Tuesday.
People familiar with the matter first told Axios on Tuesday that the climate portion of Democrats' social-sending bill was "mostly settled" and would have a price tag of $500 billion to $555 billion, which isn't too far off from the $600 billion proposal Democrats first proposed under their initial $3.5 trillion package.
This is the biggest investment in Biden's framework, while other progressive policies, like free community college and paid leave, were dropped from the bill.
Biden had previously expressed concern that the bill would not meet the urgency of the climate crisis after Sen. Joe Manchin of West Virginia - a centrist Democratic holdout on the bill - opposed the inclusion of the Clean Electricity Performance Program, which would have allowed for Biden to reach his goal to cut carbon emissions in half by 2030.
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