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Business News Roundup, May 24, 2021

Disagreements on infrastructure, climate change and finances, and another defeat for the public option in Connecticut are among the top business news items this morning.

National

Democrats and Republicans remain at an impasse over the Biden administration’s infrastructure proposal, as the parties work to reconcile differences over the size, scope, and funding sources of the measure. The White House reduced the price tag for its infrastructure proposal to $1.7 trillion on Friday, GOP lawmakers signaled that little progress has been made so far.

President Joe Biden has signed an executive order asking several regulators to look into how climate change affects the financial system in the United States. The order also asks Treasury Secretary Janet Yellen and others to look into the steps that can be taken to minimize these risks.

Connecticut

Backers of a proposal to establish a public option for health care in Connecticut for small businesses and nonprofits say the effort has stalled for the third year after Governor Ned Lamont threatened to not sigh the bill if it passed the Connecticut General Assembly. Proponents say discussions are ongoing about what sort of health care reforms the legislature might approve before it adjourns on June 9.

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