Five Things You Need to Know to Start Your Day

Biden’s economic agenda in Senate, crypto loses the lobby game, and more signs of virus fears holding back growth.

President Joe Biden’s economic agenda is on the verge of getting its first backing from Congress as a broad group of Democratic and Republican senators is set to approve the $550 billion infrastructure program in a vote this morning. The chamber will then move onto a budget resolution process that would allow $3.5 trillion of spending to be passed with Democratic support alone. Despite the larger Democrat majority in the House, the whole package may run into further difficulties as moderates and progressives have conflicting demands over what they want from the deal.