Capitol Hill Update
Congress will reconvene for a pivotal week of legislative business that will likely shape the future of President Joe Biden’s term. Speaker Nancy Pelosi (D-CA) is pressing forward on a plan to bring both the bipartisan infrastructure deal and the fiscal year (FY) 2022 reconciliation package to the floor for votes this week, emphasizing in a “Dear Colleague” letter that both of these items are “must-pass.” The House Budget Committee approved the $3.5 trillion framework over the weekend as Democratic leadership looks to shore up support on a path forward with both the progressive and moderate flanks of the party. However, lingering disagreements over these big-ticket measures still have the potential to derail progress depending on how intraparty negotiations pan out.
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