Manchin Crushes Biden’s Hopes for Revival of Economic Agenda (1)

Senator Joe Manchin told Democratic leaders Thursday he would not support new spending on climate measures or tax increases, delivering a potentially fatal blow to President Joe Biden’s ambitious economic agenda.

The West Virginia Democrat’s decision, confirmed by three people familiar with the discussions, comes after more than a year of negotiations and just months before midterm congressional elections that will determine control of both chambers.

Manchin told Majority Leader Chuck Schumer he’s only willing to support legislation to lower prescription drug prices and extend enhanced Affordable Care Act subsidies, the people said. That leaves Democrats in a ...