Senate Democrats Pushing $500 Billion Climate, Obamacare Package

Senate Democrats want to pass a $500 billion package that would include major reforms to health care, climate change, and taxes, according to a report.

NBC News reported that Sen. Joe Manchin (D-WV), who was primarily responsible for tanking the Build Back Better Act, continues to hold talks with Senate Majority Leader Chuck Schumer (D-NY) on a reconciliation package that would spend $500 billion and raise $1 trillion in revenue.

The package would primarily focus on health care, energy, and taxes. One source told NBC News that the “ceiling” for climate change funding would be capped at $300 billion, making it a significant fixture of the package. Another provision that would allow Medicare to negotiate the price of prescription drugs would be expected to save money.