Key Takeaways

  • Congress returns with the potential of Democrats losing the House in midterms and, if so, this being the last year to get their agenda passed.
  • What’s the future of Build Back Better (BBB) with Manchin opposition?  Roadmap to BBB 2.0.
  • 1Q22 agenda not only BBB but confirmation of Chairman Powell and funding government past end of current CR on February 18th.

As 2021 ended, Democrats in DC were stymied in their efforts to pass the Biden domestic agenda in the Build Back Better (BBB) legislation after West Virginia Democrat Joe Manchin announced that he was a NO vote – killing the bill. What happens next?

Progressives are furious as those in the House thought that they had a deal when the House approved the bipartisan infrastructure bill.  The deal was that Biden and Senate leaders would get the support of Manchin and the BBB would pass.   Progressives now feel cheated even though their vote allowed for the biggest infrastructure program since the Eisenhower Administration undertook construction of the interstate highway system.  Democrats seem to have a hard time declaring victory.

Even though the current BBB is destined to fail in the 50/50 Senate without Senator Manchin’s support, in my view Senate Leader Schumer will...

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