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Biden’s Economic Plan Hits Crunch Time

How President Joe Biden’s budget reconciliation bill shakes out will influence what else Congress can accomplish before the midterms.

By Erik Wasson | July 12, 2022 at 01:16 PM
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.

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