Year 1 of the Fed’s framework, unveiled at its Jackson Hole conference in 2020, has included high inflation and job market healing. Now comes the hard part.
In a quirk of timing, the two-time former defense secretary’s burial at Arlington National Cemetery on Monday seemed to serve as a kind of coda to America’s 20-year lost war.
The American withdrawal coincided with a threat by the Taliban to stop Afghans from traveling to the airport, an ominous sign that the window may be slamming shut for thousands of people desperate to leave.
Democratic leaders had to haggle their way to passage, committing to moderates that there would be a vote on the $1 trillion bipartisan infrastructure plan by Sept. 27.
The Pentagon has increased the number of flights, but questions remain about whether the military can sustain the pace as the deadline to end the operation draws near.
Named for the civil rights icon John Lewis, the bill is narrower than the Democrats’ sweeping elections overhaul that has stalled in the Senate, but faces similar obstacles.