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Five Things You Need to Know to Start Your Day

Bipartisan China bill, markets get quiet and travel restrictions ease.

The Senate passed an expansive bill to invest almost $250 billion in bolstering U.S. manufacturing and technology to compete with China. While both political parties got behind the cause of meeting the challenge posed by America’s biggest rival, Joe Biden’s hope for a bipartisan infrastructure package remains stymied by differences. A proposal to save the deal by a group 58 centrist House members from both parties calls for $1.2 trillion in total spending, versus the $1.7 trillion put forth by the president. The plan by the Problem Solvers Caucus emerged hours after Biden ended talks with Senator Shelley Moore Capito, a West Virginia Republican, after they failed to agree on how to pay for the ambitious project.