US President Joe Biden told reporters on Thursday that he thinks they will have enough votes for his spending plan, as reported by Reuters.

Earlier in the day, the White House released the revised proposal of Biden's economic plan that will cost around $1.75 trillion.

Commenting on the proposal, progressive US Representative Pramilya Jayapal said that it is very difficult to make a decision without seeing the legislative text.

Market reaction

US stock index futures are up between 0.25% and 0.55%, pointing to a positive opening in Wall Street following these developments.