Biden Says Infrastructure Can Wait, Spending Plan May Shrink (1)

President Joe Biden reset Democrats’ expectations for his economic agenda Friday, telling lawmakers to expect a smaller tax and spending package and ending chances that a bipartisan infrastructure bill would get a vote any time soon.

In remarks to a closed-door meeting of House Democrats, Biden said the Senate-passed legislation with $550 billion in new infrastructure spending could wait. That put an end to a week of intra-party drama in the House, but he also offered the two feuding wings of his party what amounted to partial victories.

For progressives, Biden re-tied infrastructure legislation to a sweeping expansion of social ...