White House Scrambles to Revive its Approval Rating & Legislative Agenda, Municipal Friendly Elements Hang in the Balance
10/15/2021
This week, the number of new weekly jobless claims unexpectedly fell to 293,000, according to Labor Department data released Thursday morning. Headwinds to the U.S. economic recovery remain, however.
These headwinds and falling presidential approval ratings are causing the White House to scramble to save its Build Back Better legislative agenda, among other goals.
Weakness in the White House is not a positive sign for those who would like to see the municipal bond market friendly elements become law as part of the Democrat’s progressive effort.