Infrastructure

The House on Tuesday took a step forward on President Biden's infrastructure and social spending goals after Democratic leadership forged a deal with moderates who are leery of excessive spending.

Sen. Kyrsten Sinema, D-Ariz., on Monday said she would not support Democrats’ $3.5 trillion spending plan, potentially dashing hopes of passing the proposal via budget reconciliation.

Members of President Joe Biden's economic team are hitting the phones trying to convince a group of House Democrats dubbed the "mod squad" to fall in line with party leaders' strategy.

A group of moderate Democrats is clashing with House Speaker Nancy Pelosi over when to vote on a roughly $1 trillion bipartisan infrastructure bill – potentially imperiling a key part of President Biden's legislative agenda.

Democrats don't appear to have the votes to pass their $3.5 trillion budget resolution amid a standoff over infrastructure

FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

In some of his most clear and concrete comments to date, House GOP leader Rep. Kevin McCarthy said he would not support the $1 trillion infrastructure bill that passed the Senate with bipartisan support.

House Speaker Nancy Pelosi and moderate Democrats and Republicans in the chamber are on a collision course over whether to pass the bipartisan infrastructure bill before the Senate finishes Democrats' reconciliation bill.

The U.S. budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to support the country after the pandemic-induced recession.

President Biden indicated Wednesday that he believed Congress would eventually vote to raise the federal debt ceiling amid an ongoing clash between his administration and Republican lawmakers over an expansive Democrat-backed $3.5 trillion budget proposal.

Far from shying away from sweeping reforms at the helm of one of the slimmest of majorities in Congress ever, the Democratic leader openly acknowledged his party is seeking to make big structural changes not seen in the U.S. for generations.