Punchbowl News: “Here’s the only assessment one can make right now about Democrats on Capitol Hill and at the White House: This is a party that, at the moment, is a bit adrift and doesn’t seem to know how to turn its bold ideas into legislation that can actually pass. That is a big problem when you’ve got the razor-thin margins that Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer have. Forget blowing up the filibuster. There are few issues that a simple majority of House and Senate Democrats agree on right now.”
“But even more worrisome for our political system and financial markets is that caught up in the Democrats’ struggle to turn their lofty goals into law is government funding and the debt limit. We are careening into a legislative crisis. The government will shut down in nine days and estimates indicate we will reach the nation’s borrowing limit in one month.”
Politico: “Internal Democratic discord has wounded President Joe Biden’s massive social spending plan, raising the prospect that the package could stall out, shrink dramatically — or even fail altogether.”
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