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Budget Breakdown Risk Clouds U.S. Outlook

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Photographer: Andrew Harnik/AP

Hello. Today we look at the risks of a breakdown in U.S. fiscal policy, the mental-health toll of the pandemic and Italy’s chances of escaping its dismal economic course.

It’s been a great week for President Joe Biden’s economic program, looking at the headlines on fiscal developments: a big partisan Senate vote for the largest infrastructure package in decades, and a united Democratic caucus backing the greatest expansion in social programs since the 1960s “Great Society” initiatives.