On a 221-201 vote today, the House passed a $715 billion package to address surface transportation and water infrastructure projects. Led by House Transportation Committee Chairman Peter DeFazio (D-Ore.), the package is meant to shape aspects of the ongoing infrastructure discussions with the Senate and White House. Chairman DeFazio urged Senate Majority Leader Chuck Schumer… Read more »

Testifying before a Senate Appropriations subcommittee yesterday, Treasury Secretary Janet Yellen urged Congress to address the debt limit before a current suspension expires on July 31. She emphasized that the pandemic makes it difficult to determine how long Treasury could service the debt and make payments after the suspension expires. The Wall Street Journal reports… Read more »

Alongside the bipartisan infrastructure negotiations, Senate Democrats are taking initial steps toward passing an infrastructure package through the budget reconciliation process, which only requires a majority vote of 50 in the Senate. The White House endorsed this dual-track approach, and senior administration officials met with Democratic leaders in Congress to discuss plans for budget reconciliation Wednesday… Read more »

Today, President Biden and the bipartisan group of Senators announced they had come to an agreement on a package, including spending levels and revenue offsets. The details of the final agreement are still being worked out, but we expect it to closely resemble the nearly $1 trillion infrastructure framework the group put forward last week. The proposal… Read more »