Savings & Retirement
Democratic Sweep Sets Stage for $2,000 Stimulus Checks and Higher Taxes
Covid relief funds, taxes, health care policy, the minimum wage and student debt could all be considered by the U.S. Senate.
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Democrats are set to take control of the U.S. Senate, House and presidency, paving the way for Joe Biden to bring his legislative agenda to life and reshape the American economy.
Following runoff elections in Georgia this week, the Democrats and Republicans will each have 50 votes in the Senate. The even split would give Democratic Vice President Kamala Harris the tiebreaking vote on some bills, but centrists like West Virginia’s Joe Manchin could break ranks and derail some progressive policies. What’s more, some laws need 60 votes to pass.