WV Senator Joe Manchin via Flickr / Ryan Stanton https://creativecommons.org/licenses/by-nd/2.0/

POLITICS

Manchin’s “No” on Biden’s BBB prompted Goldman Sachs to lower US economic projections

By Christopher Powell

December 21, 2021

After Democratic Senator Joe Manchin of West Virginia’s bombshell rejection of Joe Biden’s Build Back Better Act, Goldman Sachs’ economic outlook for the US immediately dimmed.  The famed Wall Street firm told its clients over the weekend that the President’s signature legislation will not pass a divided Congress, sinking the nearly $2 trillion bill.