Monday, 23 August 2021

Business Highlights: Budget Clash, FDA, Pfizer

With their partys most powerful leaders arrayed against them, nine moderate Democrats are tapping the brakes on President Joe Bidens multitrilliondollar domestic program. A Monday evening test vote will set up this weeks interparty showdown. Top Democrats want the House to quickly approve a budget resolution setting up future passage of legislation directing $3.5 trillion at safety net and environment programs. But the moderates are threatening to oppose the budget unless the House first approves a $1 trillion infrastructure package. And they have enough votes to block its approval in the narrowly divided chamber.

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