Biden, Democrats shred spending, tax plans to get a deal done

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For months, U.S. President Joe Biden and Democrats touted a $3.5 trillion Build Back Better plan as a transformational piece of legislation that would reshape the world’s largest economy for decades to come.

They have spent recent days painfully deciding how to pare down parts of the plan, and which parts to scrap entirely as they seek to satisfy demands from within their own ranks to cut the size of the package.

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