The gridlocked stimulus negotiations on Capitol Hill just got a major shake-up: a Joe Biden win.
Since July, the White House, Senate Republicans, and the Democratic-controlled House of Representatives have failed to reach a deal on a second massive stimulus package. Democratic leaders came down from their $3.4 trillion ask to $2.2 trillion, while White House came up from under $1 trillion to $1.9 trillion. But the two sides never reached a final agreement as they battled over the size and scope of the package. And even had the two sides come to terms, it was never clear if fiscally conservative Senate Republicans would be on board.
Now, an incoming Biden administration is already changing the dynamics of stimulus debates. The Democratic President-elect made it clear during the campaign that he favored a larger stimulus package, like the one put forward by House Democrats.
But a lot of this hinges … Read More