email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

06 Jul, Wednesday
° C

Bull Trader USA

The Wall Street Journal: Infrastructure bill approved, but Biden faces hurdles with bigger spending plan

WASHINGTON — President Joe Biden notched a big win with the House passage of the $1 trillion public-works bill late Friday, but political obstacles loom ahead for the White House as attention shifts to an even bigger spending bill and next year’s midterm elections.

Congress is set to take a weeklong recess and return on Nov. 15 with a litany of items to complete in short order to avert a government shutdown and move forward on the roughly $2 trillion education, healthcare and climate package that has proven difficult to negotiate with the party’s slim majority in Congress.

Economic headwinds pose another complication. Despite a strong rebound in hiring this year, public opinion over the administration’s handling of the economy has been hit by concerns over rising prices, with inflation running at its strongest 12-month pace in more than a decade.

Voters delivered a warning shot to Democrats this week, with Republicans winning three statewide races in Virginia, a state Biden handily won one year ago.

“I do think voters sent a message on Tuesday. They wanted to see more action in Washington. They wanted to see things move more quickly,” said White House chief of staff Ron Klain on NBC’s “Meet the Press” on Sunday. “And three days later, Congress responded.”

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

Help really wanted: No degree, work experience or background checks.

The economic rebound from COVID-19 was easy. Now comes the hard part.

Post a Comment