Biden's Stimulus Win Shows He Won't Let Republicans Hold Up His Agenda
Published Date: 3/12/2021
Source: Bloomberg Quicktake: Now
President Joe Biden’s supporters are pointing to the imminent passage of his stimulus package as a sign of even bigger wins to come. But they may be jumping the gun if they think Biden can tap into a pandemic-weary U.S. populace to expand government programs that Republicans have long sought to shrink. As Steven T. Dennis and Erik Wasson explain, Biden’s soon-to-be-unveiled longer-term economic package faces far tougher obstacles in Congress and could prove the real test of the administration’s ability to set U.S. policy on a fundamentally different course. Spanning measures to address infrastructure, climate, health care, inequality — and maybe, even, immigration — the “build back better” program could dwarf the $1.9 trillion Covid-relief plan in size, complexity and political difficulty. A major question facing Biden and his fellow Democrats who control both chambers of Congress by narrow margins is the amount of time and energy to devote to courting Republican votes — and the concessions they should be willing to make to get them. As vice president, Biden was instrumental in Capitol Hill negotiations more than a decade ago over Barack Obama’s signature health care bill, which eventually passed with only Democratic support after months of effort to bring Republicans on board. Biden and Democratic congressional leaders showed with this relief package, which the House could send to the president for his signature as soon as today, that they can balance the demands of moderates and progressives in their party. Next time, that will be just part of the battle. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake