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Here are Washington's new deadlines for infrastructure, a government shutdown, the debt limit and more

By Victor Reklaitis

Washington in recent weeks failed to enact a bipartisan infrastructure bill, and it came up with only short-term fixes to avoid a U.S. default and prevent a partial government shutdown.

So Congress and the White House will have to tackle all of those topics again in the weeks ahead, along with other issues, as they face another round of deadlines. Below are some upcoming key dates.

Democratic-run Washington also faces a Nov. 2 deadline, according to Koltun's analysis of upcoming key dates, as that's Election Day for Virginia's gubernatorial contest.

"The seemingly close race in the commonwealth has Democrats from Democratic gubernatorial nominee Terry McAuliffe to Senator Mark Warner (D-VA) pleading for national Democrats to pass some of their agenda by then," the Beacon analyst wrote.

McAuliffe, a former Virginia governor, leads Republican candidate Glenn Youngkin by 2.2 percentage points in a RealClearPolitics average of polls as of Tuesday, down sharply from his 6.6-point advantage in late August.

At the same time, all of the deadlines given by top Democrats for infrastructure (PAVE) and other issues should be treated with some skepticism, as they don't match with what some of the party's rank-and-file want, according to Koltun.

"The deadline mentality last month was not enough to get Senators Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) to offer a framework that progressives would accept on BBB. The centrists continue to not publicly seem pressed by any near-term deadlines," he said, referring to Biden's Build Back Better (BBB) plan that calls for spending tied to climate change and social programs.

"Meanwhile, the other end of the bid-ask spread is not interested in kowtowing to leadership's timeline," Koltun added. He noted that Sen. Bernie Sanders of Vermont, the independent who usually votes with Democrats, recently said Americans aren't telling him to act by a certain day, but rather want him to deliver on specific issues like the child tax credit, Medicare expansion and climate change.

MarketWatch's Greg Robb contributed to this report.

This is an updated version of a story first published on Oct. 11, 2021.

-Victor Reklaitis


(END) Dow Jones Newswires

10-19-21 1136ET

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