Biden’s Stimulus Hopes May Depend on ‘Reconciliation’: QuickTake

President-elect Joe Biden says he hopes for quick approval of his sweeping economic stimulus plan that would pump $1.9 trillion into the economy in the form of direct household assistance, jobless benefits and money for vaccine distribution, schools and child care. His first choice is for the measure to get the bipartisan support necessary to achieve the 60-vote supermajority needed to pass most legislation in the Senate. If not, there’s an alternative route: a fast-track process known as budget reconciliation, under which Democrats could use their slimmest-possible majority to pass at least parts of the bill on their own.

1. ...