Chuck Schumer

The goal is increasingly challenged by competing priorities that include raising the debt ceiling and the divisions in the party over the massive tax and spending plan.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

After early progress in the Senate, the administration's plans now face a crucial test this week in the House.

Among the unresolved issues is how to modify a provision dealing with reporting requirements for cryptocurrency transactions.

The $550 billion infrastructure bill that would provide the biggest infusion of federal spending on public works in decades.

Democrats are also uniting behind a plan to muscle through a broader budget resolution to carry the party’s priorities.

The agreement marks a significant breakthrough in the drive to muscle through Congress a massive infusion of new spending for roads, bridges and other critical projects.

The negotiations have blown past several deadlines despite persistent expressions of optimism from lawmakers in both parties that they were close to an agreement.

Finishing a bipartisan plan is pivotal to getting all Democrats on board with a budget outline setting up a $3.5 trillion package.

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.