Your guide to how Washington shapes business and the economy
| TUE, JUN 15, 2021 | | | Hello, This is CNBC.com politics reporter Jacob Pramuk, in for politics editor Mike Calia. Infrastructure is roiling Washington again ahead of the latest moving deadline to strike a bipartisan deal. Congress is struggling on a plan that touches much of the U.S. economy and also highlights the gulf between Democrats and Republicans over how much to tax and spend. As his advisors work on infrastructure at home, President Biden will meet with Russia's Vladimir Putin during his first international trip. Congress is still trying to understand what led to the pro-Trump mob attack on the U.S. Capitol on Jan. 6 and how to prevent it from happening again. Here's what's happening: - Bipartisan infrastructure deal hangs by a thread: The roughly $1 trillion infrastructure plan crafted by 10 Democratic and Republican senators has not yet gained traction. Democratic leaders and liberal lawmakers are skeptical. Top Republicans have not given it their blessing either. Attempts to gain support in one party risk losing traction in the other. The White House is now giving the bipartisan talks a week and a half before Democrats move to pass an infrastructure bill without the GOP. Even that is a thorny strategy in a closely divided Congress.
- Biden goes toe-to-toe with Putin: Biden will meet with Russian President Putin on Wednesday for the first time since he took office in January. The summit, which follows Biden's meetings with G-7 and NATO leaders, will take place in Geneva. While it is unclear if the meeting will lead to any concrete developments, cybersecurity, nuclear arms, election meddling and the detention of Kremlin critic Alexei Navalny are all topics that could come up in Switzerland.
- Congress puts the Capitol attack under a microscope: Two House committees are holding Tuesday afternoon hearings on the Jan.6 insurrection at the U.S. Capitol. The Democratic-held Oversight and Reform Committee put out more than 200 pages of emails, one of which it said shows Trump pressured the Justice Department to challenge his election loss to Biden.
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