The week ends with growing signals from DC that Democrats are closing in on a deal to pass the President’s Build Back Better (BBB) program under the Budget Reconciliation process, and also approve the $1T bipartisan infrastructure bill that has passed the Senate and awaits action in the House.

The President’s initial proposal to have the BBB plan come in at $3.5T has been in real trouble for weeks as Senators Manchin and Sinema have been making clear that they couldn’t support that level of spending. 

Senator Manchin has been the most public that his limit is $1.5T and he has been consistent with his position.  Progressives, led by Senator Sanders, have been clear that they wanted a number as high as $6T and the $3.5T number represented a compromise for them.  Now, with the personal involvement of President Biden, a proposal appears to be emerging that is reportedly between $1.7T and $2.0T and could be agreed on next week.

Frustration is growing among Democratic voters as DC argues about a top number and nothing gets done.  Virginia Democratic Gubernatorial candidate Terry McAuliffe has argued that his campaign is lagging because the Democrats in Congress won’t help by passing the $1T infrastructure bill that offers the chance to create jobs ...

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