Biden’s Big Economic Gamble

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Even before his election, Joe Biden described the upheaval caused by the coronavirus pandemic as an opportunity to reform the American economy. Now, after months of negotiations, Biden’s trillion-dollar infrastructure plan will soon come up for a vote in the House, and Democrats expect to pass an enormous social-safety-net package through budget reconciliation. At the same time, the federal government is approaching the debt ceiling, and a government shutdown could occur as soon as next week if a stopgap funding bill isn’t passed. The New Yorker staff writer John Cassidy joins Dorothy Wickenden to discuss Biden’s attempt to create a more equitable economy amid some strong opposition within his own party.

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