Lawmakers aim to raise the debt ceiling and pass both pieces of Biden's economic agenda this month, then avoid a shutdown by December.
The date acknowledges one hard deadline: funding for some surface transportation programs would lapse at the end of the month if Congress does not approve the infrastructure bill, which would refresh the money for five years.
Progressives already considered that figure a compromise. Sen. Joe Manchin, D-W.V., has said he will not back an investment of more than $1.5 trillion. The success of the negotiations will shape whether Congress can pass both a refresh of transportation, broadband and utilities, and what could be the biggest expansion of federal benefits in decades.
It would offset spending by increasing taxes on corporations and the wealthiest Americans, among other revenue measures. The party will likely have to scale back parts of the plan to win over Manchin and other lawmakers who have called to cut the $3.5 trillion price tag.
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