What’s Up? (Aug. 8-14)
Infrastructure Bill Moves to the House
The Senate approved a $1 trillion bipartisan infrastructure bill to rebuild roads and bridges and to fund broadband and climate resilience initiatives. The legislation includes several measures to help pay for it, including repurposing pandemic relief funds and tougher scrutiny of cryptocurrency transactions (though the Congressional Budget Office said the plan would still add $256 billion to the deficit over the next decade). Shortly after the passage of the infrastructure bill, the Senate voted along party lines to pass a $3.5 trillion budget blueprint to expand the social safety net, which would be funded primarily by higher taxes for the wealthy and corporations. Both measures face an arduous path in the House.
The highly contagious Delta variant of the coronavirus is causing a new surge in cases as well as a spike in vaccine misinformation….