Sen. Joe Manchin (D-W.Va.) said Sunday that he will not support the cost of President Biden’s $3.5 trillion spending package.
Why it matters: The plan includes many “soft” infrastructure priorities, such as an expanded child tax credit and paid medical leave. In a 50-50 Senate, Manchin’s vote is critical to passing the legislation.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
The big picture:Asked to respond to Senate Majority Leader Chuck Schumer’s intention to move “full speed ahead” with the package, Manchin said on CNN’s “State of the Union” that “he will not have my vote on $3.5 [trillion] and Chuck knows that, and we’ve talked about this.”
Of note: Sen. Bernie Sanders (I-Vt.) told the same program Sunday that Manchin’s refusal to support the $3.5 trillion plan was “absolutely not acceptable to me.”
More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free