1) Fox is told that the bipartisan coalition of senators will head to the White House around 11:45 am et to meet with President Biden about the infrastructure plan to get final sign-off.
2) But, I am told that meeting time could change because of the President’s schedule and roll call votes on Capitol Hill.
3) As to the details, Fox has learned that the topline spending figure for NEW spending is $559 billion. It had been $579 billion. It is lower because the plan repurposes $20 billion in previously appropriated broadband funds.
4) That will count toward the overall $65 billion figure in broadband funding from the framework earlier this month.

So, the overall figure is $953 billion over a five year period.
5) And again, expect a dual track in the Senate next month – with the Democrats prepping their own, $6 trillion plan via a budget reconciliation package and the bipartisan plan.
6) The sides hoped to nail this down today because the Senate is gone until after July 4 after today. Infrastructure will consume the Senate’s floor traffic for most of July. And don’t forget, in the background, the debt ceiling looms.
7) Treasury Secretary Janet Yellen testified to a Senate panel yesterday that Congress should raise the debt ceiling in July. Lawmakers will likely latch a debt ceiling increase/suspension to one of these measures. That could complicate things.
8) That said, Treasury began the week with $700 billion cash on hand. August is usually a deficit month. Federal receipts go up in August because of quarterly tax filing.
9) So it’s believed – despite what Yellen said yesterday – that Treasury could have enough cash on hand until October. Also, federal outlays will dip in July because states dropped out of the extra unemployment benefits program.

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More from @ChadPergram

24 Jun
1) There is a lot to fillet from today’s events on the bipartisan infrastructure plan.

First this is very fragile. There is no bill next. There is a broad set of principles and pay-fors. We probably won’t start to see formal legislative text until early July if not later.
2) This is a general framework.

But the sides are trying to make this work.

President Biden made a point of making a rare appearance in the White House driveway today with the coalition of bipartisan senators. He wanted to show that he was all-in with their deal
3) This was not a soundbite. This was a “sight byte.” A sight byte is more powerful. And Mr. Biden was sending a message to Democrats and Republicans by visually showing he supported this plan.
Read 19 tweets
24 Jun
A) Senate Minority Leader Mitch McConnell (R-KY) was just on the floor speaking about the bipartisan infrastructure package.

“It was an encouraging sign of progress,” McConnell said.

But then McConnell lowered the boom.
B) McConnell says House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Chuck Schumer (D-NY) “literally pulled out the rug” from the bipartisan coalition by insisting on advancing the bipartisan bill and the broad, expensive Democratic bill.
C) McConnell says “optimism” about the plan “was short-lived.”

McConnell then said President Biden had a “tale of two press conferences.” He argued that the President said two different things in a matter of hours about passing the bills.
Read 4 tweets
24 Jun
1) Progressive Caucus: Hse progressives have been adamant that the WH & Congressional leadership cannot abandon the deep needs in..communities on climate..housing,..making billionaires and large corporations finally pay their fair share, for the sake of a bipartisan compromise.
2) Progressive Caucus: A recent poll of our 95-member Caucus showed overwhelming support for the House not passing a bipartisan infrastructure bill unless a larger reconciliation package containing our progressive priorities moved simultaneously.
3) Progressive Caucus: The stakes are too high in this moment, and progressives won’t let our chance to meet the needs of working families pass without a fight.
Read 4 tweets
24 Jun
A) Dem MA Sen Warren on infrastructure: It's not a framework of the whole infrastructure deal. It's a piece. And there are evidently been some negotiations that may be succeeding around roads and bridges and
B) Warren: It includes making sure that this package is paid for by making billionaires and giant corporations pay a fair share. So, part of the deal seems to be locking into place. But there's just one deal here, and it takes all the pieces to make it go forward.
C) Warren: For what there is, there is no overall deal. There is one deal at the end, and it's not going be the case that there's going to be an infrastructure train that leaves the station and leaves childcare behind. :eaves green energy behind..
Read 4 tweets
22 Jun
1) The Hitchhiker’s Guide to Manchin Agreeing to Vote to Start Debate On the Voting Bill

Just a note about Sen. Joe Manchin (D-WV) agreeing to vote yes to proceed to debate on the voting rights bill.

THIS DOESN’T CHANGE ANYTHING.
2) Democrats now have 50 votes to overcome the filibuster to start debate on the bill. You need 60 to crack a filibuster. So this wasn’t exactly a breakthrough at Yalta.
3) But, Manchin was taking a lot of heat from the left about not being a team player, supporting the Democratic agenda, et al.

So, Manchin developed a compromise plan which Senate Majority Leader Chuck Schumer (D-NY) embraced.
Read 13 tweets
22 Jun
1) The Senate is likely to kill S.1, the Democrats voting rights bill today. 

The Senate won’t take a straight, up/down vote on the measure. Today’s vote is procedural just to begin debate on the legislation. The measure needs 60 yeas to trigger debate.
2) It is expected to fail, thus stymieing even consideration of the measure on the floor. 

We don’t expect that vote until later in the day. 

Today’s vote likely reveals the limits of the Democratic majority in a split Senate.
3) Moreover, this begins to underscore how Democrats may have run out the string on their legislative agenda.

Today’s failed procedural vote will also amplify discussion about altering the filibuster.
Read 8 tweets

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