While the debt ceiling is expected to be lifted next week, at least for a few weeks, there are still other major economic bills that need to be passed in the US.
The Democrats currently wield unified power in Washington, holding the White House, the House of Representatives and, by the slimmest of margins, the Senate. This allows Biden to pass most economic legislation without any Republican support, using a congressional mechanism known as reconciliation, but he may lose that option in the 2022 mid-terms.
There is a concerted effort on behalf of the White House to push through the President’s priorities before the end of the year, with three key deadlines likely to dictate whether that effort is successful or not.
11-15 October – Raising the debt ceiling
31 October – Infrastructure and social investment legislation
3 December – Long-term federal funding bill
Read Will’s article here, detailing how the bills could be passed and why they are so important.