Progressive and conservative Democrats still negotiating reconciliation bill
• U.S. stocks are set to open Monday slightly up. On Sunday night, Dow Jones Industrial Average futures had gained 102 points, or 0.3%, while the S&P 500 futures gained 0.4% and Nasdaq Composite futures gained 0.4%. This week’s earnings include: Steris on Monday; PepsiCo on Tuesday; Constellation Brands, Levi Strauss and RPM International on Wednesday; and ConAgra Brands and Lamb Weston Holdings on Thursday.
read more Centrists oppose passing a $3.5 trillion bill, question the idea it could be paid for with tax increases, and worry about its effect on inflation. Some have proposed scaling back parts of the bill’s 10-year time frame, while others prefer focusing on fewer programs, The Wall Street Journal reported. President Joe Biden on Friday told House Democrats that the overall cost of the package could end up between $1.9 trillion and $2.
• Congress on Saturday approved a 30-day extension of Transportation Department programs that lapsed on Oct. 1, threatening to furlough 3,700 employees. House Speaker Nancy Pelosi told House members that the $1 trillion bipartisan infrastructure bill must pass within the next month, “the sooner the better.” Rep.
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