Macro - Weekly Briefings - US
The prospects for Congress to pass an even slimmed-down version of President Biden's Build Back Better agenda declined significantly last week, when Senator Joe Manchin (D-WV) withdrew his support. Democrats may be able to salvage provisions affecting health care. The prospects for legislation supporting domestic manufacturing – particularly the production of semi-conductors –have improved, a plus for firms that have planned investments assuming the enactment of the legislation.
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