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Sen. Mark Warner (D-Va.) walks near the Senate Chamber during a vote at the U.S. Capitol on Aug. 7. Photo: Sarah Silbiger/Getty Images

Sen. Mark Warner (D-Va.) is warning that he could vote against the $3.5 trillion budget package if more money isn’t added for housing assistance to close the racial wealth gap in the current House version of the bill, Axios has learned.

Why it matters: Warner’s threat is another indication that the proposal will face a variety of obstacles before the House and Senate can agree to a top-line number, how that money is spent on specific programs — and how to pay for it all.

  • "As currently written, this proposal falls short,” Warner said in a statement to Axios about the House provisions on housing assistance.
  • Warner, a member of the Budget Committee who helped negotiate the $3.5 trillion number in the Senate, is taking issue with the amount of funding for first-time homebuyers in the House, which he thinks is around $600 million.
  • “I will be working in the Senate to make the American dream of homeownership and wealth creation more accessible to historically disadvantaged communities.”

The big picture: House and Senate committees are drafting specific legislation to raise $1.5 trillion in new revenues and spend some $3.5 trillion to expand the social safety net, including a variety of new programs from universal preschool to free community college to new money for housing and rental assistance.

  • The top line numbers could dramatically change, with Sen. Joe Manchin (D-W.Va.) telling CNN’s Dana Bash that the $3.5 trillion package will “not have my vote.”
  • Sen. Bernie Sanders (I-Vt.) also told the same program that Manchin's refusal to support the $3.5 trillion plan was "absolutely not acceptable to me."
  • "I don't think it's acceptable to the president, for the American people, or the overwhelming majority of the people in the Democratic caucus,” he added.

Between the lines: Warner had negotiated a private agreement in the Senate for billions of dollars for down payment assistance for first-time homebuyers and to give them new tools — including a 20-year federal mortgage — to help them build equity in their home.

  • Warner's focus is on racial equity: “We have an obligation to use this historic investment to address longstanding inequities of power and opportunity that have left Black families with an average net worth one-10th the size of their white counterparts."

The other side: The House version of the bill does include $10 billion for first-time, first-generation homebuyers, according to a fact sheet from the House Financial Services Committee.

  • It allocates $500 million for Warner's 20-year mortgage proposal, known as LIFT.

Go deeper: Manchin has privately warned the White House and congressional leaders that he has specific policy concerns with President Biden's $3.5 trillion social spending dream — and he'll support as little as $1 trillion of it.

Editor's note: This story has been updated with new information about provisions in the House bill to help first-time homebuyers.

Go deeper

Pelosi's back-to-school math problem

Illustration: Sarah Grillo/Axios

House Speaker Nancy Pelosi (D-Calif.) may need votes from an unlikely source — the Republican Party — if she hopes to pass the bipartisan infrastructure bill by next Monday, as she's promised Democratic centrists.

Why it matters: With at least 20 progressives threatening to vote against the $1.2 trillion bipartisan bill, centrist members are banking on more than 10 Republicans to approve the bill.

Dems' immigration plan hits major roadblock

Senate Majority Leader Sen. Chuck Schumer. Photo: Alex Wong/Getty Images

The Senate parliamentarian ruled Sunday that Democrats cannot include pathways to citizenship in the $3.5 trillion budget reconciliation package, per a copy of the ruling obtained by Axios.

Why it matters: It's a blow to Democrats who hoped to provide pathways for millions of undocumented immigrants in the U.S. Using reconciliations would have allowed them to pass politically contentious immigration changes with only 50 votes, as opposed to the usual 60 required.

Sep 20, 2021 - Politics & Policy

Democrats propose raising debt ceiling through midterms

Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer. Photo: Stefani Reynolds/Bloomberg via Getty Images

House and Senate leadership announced on Monday that they plan to attach a proposal to raise the debt ceiling through Dec. 2022 to a short-term, government funding bill. The bill must pass before the end of the month or Congress risks a shutdown.

Why it matters: Democrats are taking a huge risk by trying to force through an increase of the debt limit in its must-pass funding bill. The move is wishful thinking on behalf of Democrats who are hoping they can get at least 10 centrist Republicans to balk, as well as an effort to put Republicans on record opposing it.

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