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This week: Democrats regroup after setback on Biden agenda

Democrats are trying to figure out their next steps after the House failed to pass a bipartisan infrastructure bill, and the White House and Democrats on Capitol Hill weren’t able to reach a deal on sweeping social spending legislation. ....

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Schumer: Congress needs to raise debt ceiling by end of the week

Senate Majority Leader Charles Schumer (D-N.Y.) said on Monday that Congress needs to get a bill raising the debt ceiling to President Biden's desk by the end of the week, an ambitious timeline given an entrenched stalema ....

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Biden blasts McConnell, GOP on 'dangerous' debt ceiling gambit

President Biden is laying the groundwork to blame Senate Minority Leader Mitch McConnell (R-Ky.) if the country defaults on its debt for the first time in U.S. history. ....

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GOP senator hammers Biden proposal to raise corporate tax rate

I think [Transportation Secretary] Pete [Buttigieg] and I could come up with an infrastructure bill. What the president proposed this week is not an infrastructure bill, said Wicker, adding that what the bill really amounted to was a huge tax increase.
I’m all for working with the administration on an infrastructure bill, he continued, before predicting that many Americans would lose their jobs if the corporate tax rate was raised to 28 percent, as proposed by the president.
How could the president expect to have bipartisanship when his proposal is a repeal of one of our signature issues in 2017? Wicker asked. ....

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Fox's Chris Wallace challenges Blunt over GOP's 'credibility' on national debt

On Fox News Sunday, Wallace displayed graphics indicating that the national debt grew by trillions during former President Trump
[H]aven t you lost your credibility on this issue? Wallace asked.
I don’t think anybody has a very good record, Blunt responded.
Blunt also said that Congress came together to pass not one.but five bills addressing the COVID-19 pandemic, which he said had a significant effect on the debt.
The Obama and Trump administrations, he added, were very similar in terms of the national debt.
Wallace s remarks came in response to comments from some Senate Republicans, including Majority Leader Mitch McConnell ....

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