Watching Washington: Hard and Soft Infrastructure Bills - Replay & Transcript

For weeks Congress wrestled with the details of two bills:

1. $1.2 trillion on "hard" infrastructure - roads, bridges, electrical grid, national high speed internet access
2. $1.75 trillion on "soft" infrastructure - child tax credit, childcare funding, universal pre-K, climate change mitigation, low income housing construction

The "hard" Infrastructure Investment and Jobs Act passed the Senate in August and passed the house this past Friday evening.

Details of the "soft" infrastructure plan, known as the "Build Back Better" bill are still under negotiation. There is only a 50/50 chance this bill will go through given continued opposition from Democratic Senators Joseph Manchin and Kyrsten Sinema.

Given that no Republican senator will vote for this bill, all 50 Democratic senators have to vote "yes," with the tie breaking vote provided by Vice President Kamala Harris.On Monday, we hosted a 15 minute seminar to discuss these bills and other topics related to the economy, interest rates, stock and bond markets.

Webinar Replay

https://youtu.be/UbbTYp8yEe4

Read Transcript here: