Billy House
ReporterBilly House is a reporter with Bloomberg.
Billy House is a reporter with Bloomberg.
The administration struggles to unite Dems behind a bill that can pass in the face of united Republican opposition.
The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal.
House Democrats are considering a two-year repeal as one of their potential paths to undoing the $10,000 cap on the federal deduction for state and local taxes.
Their package of tax increases falls short of President Joe Biden’s ambition, however.
The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats.
The House Speaker and a group of centrist Democrats will resume talks after hours of negotiations failed to break a stalemate late Monday.
After early progress in the Senate, the administration's plans now face a crucial test this week in the House.
The speaker of the House had floated a potential compromise, but it was rebuffed.
So far, the Speaker of the House has been relegated to the sidelines in the stalled Senate debate over a $3.5 trillion budget blueprint.
President Joe Biden’s quest to enact his $4 trillion economic agenda enters a turbulent new phase Monday as the U.S. House comes back into session and Democratic representatives ramp up pressure on the Senate to produce a bipartisan compromise or stop prolonging the effort.