Congress is expected to vote today on the $1 trillion infrastructure bill. It’s already passed the Senate, but the more-ambitious $3.5 trillion dollar spending plan could get rejected. That’s according to WRCR’s Market Analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge, who predicts that could be greatly pared down before the vote is taken…
Meanwhile, CNBC says the House on Wednesday passed a bill to suspend the U.S. debt ceiling as the country heads toward a first-ever default with no clear solution in sight. Republicans are expected to defeat the plan in the Senate. Government funding is set to expire tomorrow, and the stopgap bill would extend funding and keep the government open through December 3rd.