On Thursday, the president announced a new framework for Democrats' reconciliation bill, also known as his Build Back Better plan, that he said would garner the support of moderates in the Senate and progressives in the House. The legislative text is still being negotiated, but the framework wasn't rejected out of hand by any members of the Democratic party — which is a sign of progress after many months of negotiations. Democrats need every member of their party to support the bill in the Senate, and can only lose three votes in the House. They are attempting to pass the bill in tandem with a $1 trillion infrastructure bill that has already been passed in the Senate but still needs to pass the House of Representatives.

The plan's top line number is $1.75 trillion, down from the $3.5 trillion initially proposed by the Biden administration.

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