Big problem, no one wants to spend until we get the devaluation contract better narrowed. No one doubt the Fed has kicked its last can and deserves a new contract for things not really its fault. If not the can then the tech has pushed it into unfair boundary. This much is in the Overton.
Getting a bunch of small state govs to agree on another ten years of earmarks, misses a great opportunity for revenue sharing. Once stared the earmarks cannot stop until end of cycle, and Fed cannot kick that can.
So, Biden is up against a better plan, free the Fed conditional on revenue sharing then have infrastructure week.
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