Photo: Washington Monument

Crunch time has finally arrived for President Joe Biden’s economic agenda as congressional Democrats scramble for a deal on a slimmed-down version of what was once a multi-trillion-dollar overhaul of domestic policy.

The Senate aims to pass the revised package before its summer recess begins on August 8, a move that would line up a win for Democrats defending their slim congressional control ahead of November’s midterm elections.

Democrats appear to have learned from last year, when progressives and the White House tried to force holdout Senator Joe Manchin to accept a bill of up to $6 trillion. They later scaled it down to $2.2 trillion, but the moderate West Virginian—whose vote is pivotal in the 50–50 Senate—ended up walking away.

Dig Deeper


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including and

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.