Infrastructure Read
Biden agreed to a stripped-down version of his infrastructure plan — with caveats.
The admission was an attempt by the White House to salvage what had been one of the signature successes for a president who hopes to cement a legacy as a bipartisan deal maker.
Experts say the details of the spending will matter — and that, in some areas, more money will be needed to fix beleaguered roads, bridges and other infrastructure.
Republicans vented on Friday over President Biden’s comment that he would not sign the agreement without a second, far more ambitious package on hand.
Successfully clearing their latest Fed stress tests will free them to resume huge stock buybacks.
The president has long pitched himself as both solidly progressive and committed to bipartisanship. His deal with Republicans, coupled with assurances to liberals, attempts to marry the two.
Democrats hope to include climate and clean energy in a second bill. It could be Biden’s last chance to pass major global warming legislation.
The bipartisan agreement is a significant victory, but Democratic leaders say it can pass only once a far larger social policy bill is complete.
On certain rare matters, Democrats are finding buy-in with Republicans. On many others, the battle lines are firmly drawn.
And some key elements that didn’t make the cut.
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