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LIVE: White House Press Secretary Jen Psaki Holds News Conference in Washington, D.C.
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February 22, 2021
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50:55Now Playing(Feb. 22) Watch live as White House Press Secretary Jen Psaki holds a press briefing in the Brady Briefing Room of the White House on Monday, February 22, 2021, in Washington, D.C.
The next phase of President Joe Biden’s legislative agenda is fast taking shape, with an economic-recovery package that will potentially far surpass his $1.9 trillion virus-relief plan in size, complexity and overall ambition.
The White House and congressional Democrats are busy plotting strategy for the proposal, which could be unveiled next month, kicking off a legislative process that may culminate by August.
The centerpiece will be possibly the biggest infrastructure-spending commitment since the New Deal -- including roads, bridges and rural broadband internet. Progressives are eyeing much more, such as an expansion of Obamacare and a public-sector jobs program, along with tax measures including an increase in the capital-gains levy.
But stuffing it with too many controversial proposals could threaten its approval or force it to be broken up, and put in peril the Democrats’ thin majorities in the 2022 midterm elections. Still, Democrats see a narrow opening to forge Biden’s legacy: not just restoring the U.S. economy to its pre-pandemic state, but reversing the trend of sluggish growth in recent years with the most far-reaching measures in decades.
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