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Deadlines Loom for Biden's Infrastructure Bill

US
  • On US infrastructure talks, BBG write this morning that Senators are looking to round off negotiations "early this week" as the looming August recess could knock back any progress significantly.
  • The latest seems to be that both Senators and aides believe a deal is close, but a finish date mentioned by some as early as today could be unrealistic given whether legislative text itself could be completed on time.
  • With August recess looming, lawmakers (particularly democrats) are concerned that if an infrastructure bill isn't completed this week, it will end up chewing into time allotted to deal with the debt ceiling and threat of government shutdown in the Autumn.
  • The outstanding issue appears to be the transit section of the final bill, which takes extra focus given Chuck Schumer's close proximity to transportation.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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