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Goldman cuts US growth forecast after Manchin rejects Biden’s $2tn spending plan
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fnlondon.comGoldman Sachs has cut its US growth forecast again, citing Democratic Senator Joe Manchin’s assertion that he won’t back President Joe Biden’s key $2tn spending bill.
“BBB [Build Back Better] enactment had already looked like a close call and in light of Manchin’s comments we are adjusting our forecast to remove the assumption that BBB will become law,” said a team led by chief US economist Jan Hatzius.
Manchin told...
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