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I wonder what the market reaction will be if the bills don't pass.

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Giving money to the poor and middle-class is far more stimulative than the same amount of borrowing to fund tax cuts for the wealthy.

I predict a down market if both bills failed. You won't get 50 House Republicans to vote for Bipartisan Infrastructure (BIF) only invite a Primary challenge from the lunatic fringe of their Party. There's no path to getting BIF alone, even if Joe Biden was willing to sign it.

intercst
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