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Biden Economic Agenda Confronts Tripwires Everywhere in Congress

  • Debt ceiling, funding deadline complicates path after break
  • Democrats aim for early fall completion, but obstacles await
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WATCH: Senate Democrats passed a $3.5 trillion blueprint for Biden’s economic agenda in a 50-49 party-line vote Tuesday. Annmarie Hordern reports.(Source: Bloomberg)

The central pieces of President Joe Biden’s $4.1 trillion economic agenda are now moving through Congress on a precarious two-track path that’s further complicated by a September showdown over the debt ceiling.

Funding for the government will expire and the Treasury will approach the limit of its borrowing authority just as congressional Democrats try to make the administration’s massive infrastructure and social spending plans a reality.