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[Markets] Biden, Capito Infrastructure Talks Break Down After Failing To Reach Deal; Will Shift To Bipartisan Group Biden, Capito Infrastructure Talks Break Down After Failing To Reach Deal; Will Shift To Bipartisan Group

Talks between President Joe Biden and Sen. Shelly Moore Capito (R-WV) - lead GOP negotiator on infrastructure legislation - have ended with no resolution, according to Bloomberg's Josh Wingrove.

The talks will now shift to a bipartisan group after Biden reportedly said that the GOP offer was too low and too vague.

As noted earlier by CNN, the discussion between Capito and Biden would likely be their last before the president leaves on his first international trip to Europe, however staff-level talks are expected to continue.

Biden and Capito had been speaking frequently since the White House introduced a comprehensive infrastructure plan, however talks had been dragging on post a Memorial Day deadline without any significant breakthroughs, which led to pressure from Democrats to shift to bipartisan negotiations.

Developing...

Tyler Durden Tue, 06/08/2021 - 16:51
Published:6/8/2021 3:55:20 PM
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