Congress will not vote on infrastructure today

After congressional Democrats met with President Biden, they announced that negotiations are still ongoing and there will be no vote on an infrastructure bill today. Ylan Mui reports from Washington. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi The House delayed a vote on a bipartisan infrastructure bill Friday as President Joe Biden pushed congressional Democrats to forge a consensus on a broader spending deal. As his legislative priorities hung in the balance, Biden went to the Capitol on Friday afternoon to meet with House Democrats and rally support for his economic agenda. After being greeted by House Speaker Nancy Pelosi, D-Calif., and her top deputies, the president spoke to a full Democratic caucus meeting, acknowledging both measures would have to be linked to pass. “I’m telling you, we’re going to get this done,” he told reporters as he left the Capitol. “It doesn’t matter when. It doesn’t matter whether it’s in six minutes, six days or six weeks, we’re going to get it done.” Pelosi had told centrist Democrats the chamber would pass the infrastructure plan by Thursday. Democratic leaders pushed the vote as progressives threatened to sink the bill until they get assurances the Senate will approve a broader plan to invest in party priorities including climate policy, household tax credits and health-care expansion. Democrats cited progress after a flurry of talks among White House officials and key members of Congress bled into early Friday morning. Pelosi had suggested the infrastructure bill could pass Friday, but approval appeared days away as the progressive and centrist flanks of her party stood trillions of dollars apart on a desired price tag for the second spending package. “While great progress has been made in the negotiations to develop a House, Senate and White House agreement on the Build Back Better Act, more time is needed to complete the task,” Pelosi wrote to Democrats on Friday night. She added that she expects the infrastructure bill will “pass once we have agreement on the reconciliation bill.” Rep. Pramila Jayapal, the Washington Democrat and Congressional Progressive Caucus chair who spearheaded the effort to delay the infrastructure vote, told reporters that Biden “was very clear the two [proposals] are tied together.” It would mean lawmakers are days away from passing either plan. Biden told House Democrats that in order to find a compromise with centrist senators, they may have to agree to a final bill that costs from $1.9 trillion to $2.3 trillion, down from a proposed $3.5 trillion cost, NBC News reported, citing multiple sources in the room. The House was in recess Friday as Democrats struggled to strike a deal that would allow them to hold a vote on the infrastructure bill. The chamber later passed a 30-day extension of highway and surface transportation funding programs, which lapsed Thursday as the House failed to approve the infrastructure legislation. As the president and White House officials try to bridge a gulf between the liberal and centrist flanks of the party Friday, press secretary Jen Psaki told reporters that “compromise is necessary, it’s inevitable.” The talks hold enormous stakes for the government benefits millions of Americans will receive in the coming years. Through their spending package, Biden and top Democrats aim to boost access to child care, paid leave, pre-K and community college. They hope to speed up green energy adoption and lower the Medicare eligibility age, while expanding coverage to include dental, vision and hearing benefits. The proposal would mean changes for corporations and the wealthiest Americans in the form of tax hikes to offset the new spending. Democrats have floated a 26.5% top corporate tax rate and 39.6% high individual rate — both levels below or in line with those set before the 2017 GOP tax cuts. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-n... Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-cred... #CNBC #CNBCTV