CNBC official Ben White said President Joe Biden "is very much eager to get a bipartisan deal" when it comes to his administration's $ 1.9 trillion stimulus plan to get America out of its economic crisis.
"He doesn't want to blow up the filibuster in the Senate," said White, who is also Politico's top business correspondent. "He'd like to get a deal on a big package, maybe not over $ 2 trillion, but something close by that includes unemployment insurance, that has $ 1,400 checks and the rest, that's their main goal, so they're going to do it. " try to do that. "
Biden pledged to act quickly and repair the US economy on his second full day in office. Calling his plan a "moral obligation" to provide financial relief to millions of Americans, he signed two executive orders on Friday. One focused on raising the federal minimum wage to $ 15 an hour while the other expanded the federal benefits on grocery stamps.
"We cannot, we will not starve people," proclaimed Biden. "We cannot allow people to be displaced because they have not done anything themselves. You cannot watch people lose their jobs. And we have to act. We have to act now."
Friday's executive orders build on Biden's $ 1.9 trillion stimulus plan. He said his proposal was supported by a "majority of American mayors and governors" from two parties. However, the Biden administration needs to get Congress to pass the plan. Senator Lindsey Graham, R-S.C., Said the plan was dead on arrival but noted, "there are components of it that I like."
The White House says it will be in touch this Sunday and there will be a call with 16 senators to discuss the president's relief plan. White told CNBC's The News with Shepard Smith that the Biden administration has two options if negotiations fail.
"First, blow up the filibuster, go by 51 votes, and beat it that way," White said in an interview on Friday night. "Biden doesn't want that, he's an institutionalist. The other, more difficult part is to try to make the checks and send money to the people and break it down into smaller pieces."