568 Billion News Today

Progress. his press secretary today moments ago trying to put pressure on the republicans. >> our concessions went time as far as theirs so the ball is in their court. we are waiting their counterproposal. we would welcome that. were eager to engage and even have them down here to the white house. >> back with us, cnns manu raju. and laura lopez. lets start with that. were in the inevitable finger pointing phase. the white house says republicans to do more. the original white house proposal $2.2...

1.7 trillion. republicans would like to see $568 billion. it doesnt seem like there is a ton of hope. the president circled memorial day as a deadline he hoped to see progress, but the talks reached an impasse over the last couple days. in terms of what we are hearing from the gop senators, susan collins of maine said it comes down to what they can define as problems, a problem since the beginning of talks. its not clear how this part can be resolved. >> at the heart of the negotiations is defin...

Them? joining me now, nbc news congressional correspondent leigh ann caldwell. leann, walk us through why republicans arent budging on the sticker price of this plan. >> hey, alicia. so the sticker price is one of the key sticking points obviously. republicans opened their offer at $568 billion. the president came down to $1.7 trillion, as you mentioned. mitch mcconnell, the minority leader, had mentioned a couple of weeks ago up to $800 billion. while the rank and file republicans are doing the...

Senators had put forth something in the ballpark of $568 billion. so the two sides are very, very far apart at this time and it doesnt seem theres anything thats going to get them to find actual common ground, at least in the immediate sense, these talks, alex, the best way to describe them, are quite stalled out. >> so it looks like youre trying to for bipartisan success here but if they have to go it alone, theyll consider it seriously. thank you very much, monica. the senate could vote as s...

Great state of california, we will follow the talks. thanks so much, sir. >> thank you. mike: now lets bring in oklahoma congressman markwayne mullin, also on the house energy action team. congressman, welcome. >> the thank you for having me, appreciate it. mike: you heard your colleague, congressman sherman, how do you respond? >> the democrats believe you can tax your way out of spending. their idea is to tax more. while theyre still trying to spend more. youve got a $1.9 trillion infrastructu...

High for republicans. there was some back and forth, and then yesterday, the white house came back with a $1.7 trillion bill, so thats much smaller. but that is still three times what republicans want to spend. their original offer, just $568 billion, and so after this meeting between five senate republicans and the white house yesterday, senate republicans immediately rejected the offer, saying that is way too high, $1.7 trillion, to get any bipartisan support on capitol hill. and the white hou...

Good faith counteroffer. so this is now for those keeping track, it would be the counteroffer to the counteroffer to the original proposal. so we are seeing these face-to-face and virtual negotiations continue. remember, it was the president himself who had said he wanted to see major progress by memorial day, so just about a week from now and they really dont seem anywhere close to an agreed framework and they really dont agree on how to pay for this massive plans and the republicans huddle and...

Back to that breaking news in negotiations on infrastructure. republicans saying no deal to bidens counterproposal which cut his original american jobs plan $500 billion. whats next? is there a way to move the agenda forward. joining me now, nbc news leigh ann caldwell. walk us through why republicans arent bundle on this plan? >> >> the sticker price is one of the key sticking points, obviously. republicans opened their offer with $568 billion. the president came down to $1.7 trillion, as you m...

Would make the bill better, frankly, but if we cannot find republican cooperation, were committed to invest in a historic way in american infrastructure. >> from there now to nbcs monica alba for the latest on the stalled infrastructure talks. i know that the president was hoping to make significant progress by a week from monday, memorial day, does that seem realistic? >> it doesnt seem very likely, alex and exactly what senator kaine told you in that interview is the biggest clue because democ...

On. its something his constituents in the military expect. you also have a situation where just a few years ago in 2011, the budget cap that kept the defense spending of $568 billion, those were lifted in order to get the government running again just months ago and that is when congress went to work to try and find money to rebuild the military that was been hurt so much of the last two years and thats where you about this figure of $700 billion. its a large amount but that is because the defen...