Pelosi faces new hurdle in budget fight over infrastructure split
Nine moderate Democrats warned they will not back a budget resolution unless the House first approves the Senate's road and broadband package and sends it to Biden. The dispute sits amid a split over a $1 trillion infrastructure measure versus a $3.5 trillion social and environmental block, with leadership scrambling to unite the party in a narrowly divided House and Senate.
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Federal judge keeps CDC eviction moratorium in place
U S District Judge Dabney Friedrich denied landlords' request to halt the Biden administration's new eviction moratorium. She said her hands are tied by a 2024 appeals ruling, keeping the order in effect while challenges proceed. The case could go to the Supreme Court if the DC Circuit does not grant relief. The moratorium blocks evictions where Covid transmission is high and aims to buy time for rental assistance.
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Stocks edge higher as tech gains offset by banks
Markets closed mixed with the S&P 500 up 0.2 percent for a second weekly gain while the Dow and Nasdaq rose modestly. Traders noted weak consumer confidence tied to the delta variant and a drop in the 10 year yield to 1.29 percent as gains in technology and healthcare faced bank- and sector-wide pressure.
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