Congress Heads Home, Budget and Infrastructure Wait

There is an old saying in Washington that the nation is safer when Congress is not in session, so next week as Congress is gone for the Memorial Day holiday we can all sleep better knowing that Congress is out of DC. The Senate will only take one week off and return June 7, while the House is out until June 14.

Infrastructure: The Senate Republicans negotiating with President Biden offered a $928B plan moving closer to the White House number of $1.5T. While infrastructure talks seem to be making some progress, Congress is also working on a Highway Reauthorization, which would help pave the way for agreement on the highway portion of infrastructure legislation. Both Senate Republicans and the White House have expressed some degree of optimism that a deal in so-called traditional infrastructure is possible, and that talks will continue over the Memorial Day break. In my view, President Biden is more anxious than some progressive Democrats to strike a bipartisan deal; but either way I continue to believe that there will be an infrastructure bill by the fall.

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