President Joe Biden said on Saturday he was going to "work like hell" to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and plans to travel more to bolster support with Americans.
Senate Democrats are poised to blow past their Wednesday deadline to finish the $3.5 trillion social welfare bill, raising fresh doubts about the party’s ability to hold together and put the bill onto President Biden’s desk.
A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.
The number of Americans applying for unemployment benefits rose for the first time in five weeks even though the economy and job market have been recovering briskly from the coronavirus pandemic.
Pelosi was ultimately able to secure yes votes from nine moderate House Democrats for the resolution which expands the social safety net in the U.S. with new federal programs.
States with Republican governors are leading the U.S. economic recovery from the coronavirus pandemic, while those run by Democrats – which tended to impose lengthier and stricter lockdowns on businesses – are faced with significantly higher unemployment rates.
