Source: Kane

Red-hot inflation data validates the instinct of Sen. Joe Manchin to punt President Biden’s Build Back Better agenda until next year — potentially killing a quick deal on the $1.75 trillion packages.

The data released Wednesday set the president and White House staff scrambling.

With a limited number of legislative days left in the year, Manchin is content to focus on the issues that need to be addressed, Axios is told.  They include funding the government, raising the debt ceiling, and passing the National Defense Authorization Act.

Manchin, like a group of House moderates, also wants to see a Congressional Budget Office analysis of the true cost of each of Biden’s proposed programs, as well as the tax proposals to fund them.