Ways and Means Chair Neal Suggests Biden Plan May Drag Into 2022

House Ways and Means Chair Richard Neal told reporters Wednesday that he is skeptical work on tax-and-spend legislation will be done by Christmas, the deadline Senate Majority Leader Chuck Schumer (D-N.Y.) set to pass the reconciliation package.

Neal (D-Mass.) said lawmakers have a number of issues that need to be addressed first, including the debt limit, which he described as an “immediate fuse that needs to be extinguished.” The Treasury Department has warned that it could exhaust its ability to cover the federal government’s debt obligations as soon as Dec. 15 if Congress doesn’t act, though the Congressional ...