Tuesday, 24 August 2021

Business Highlights: Budget Deal, Nasdaq 15,000

House Democratic leaders have compromised with moderates and muscled President Joe Bidens multitrilliondollar budget blueprint over a key hurdle. The 220212 vote Tuesday hoped to end a standoff that halted proceedings but signaled challenges ahead. A band of moderate lawmakers was threatening to withhold their support for the $3.5 trillion plan. They were demanding the House first approve a $1 trillion public works package thats already passed the Senate. House leaders are offering them a Sept. 27 date for a vote on the bipartisan bill as a compromise. Tuesdays votes is a key first step toward approval of the broader Biden package this fall.

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