All week long, we've been playing a big waiting game on what is going to happen to President Joe Biden's domestic economic agenda in Congress. His promised "Build Back Better" plan initially had three parts. First, there was the immediate relief needed for the ongoing COVID-19 pandemic. Next, physical infrastructure projects. And finally, human infrastructure investments. The pandemic relief passed soon after Biden took office (back when most Americans hadn't even had the opportunity to get their first vaccine shot). The other two remain undone. The negotiations to get both of them on Biden's desk for his signature are what we've all been seeing play out -- not just this week, but for the past three or four months. We're (hopefully, at least) now in the endgame of the waiting game, to mix a few metaphors with abandon.

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Sadly, the public debate over the budget reconciliation bill in Congress has so far usually been reduced to a single number. I say "sadly" because what this means is that while the media (and, also sadly, too many Democratic politicians) obsess over that one number, it means they seldom (if ever) talk about what is actually contained within the bill itself. Perhaps Democrats can pivot to having this discussion if the bill ever actually passes. But for now, I'd like to put that big, scary $3.5 trillion number into some necessary context.

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The mainstream media, as usual, is mostly presenting the power struggle taking place right now within the Democratic Party in a rather slanted way. The fight, we are told, is a fairly equal one between "moderates" or (as is becoming more in vogue recently) "centrists" and the progressives. The progressives are usually painted as the radicals, while the "centrists" are seen as those cautioning moderation and compromise. Virtually none of this is true, however. What is really going on is the old-guard "New Democrats" are being forced to confront the reality that it is no longer the 1990s, and their particular brand of "Wall Street-friendly" Democratic politics is not only seriously on the wane but has now been almost totally eclipsed. Senator Bernie Sanders was at the vanguard of effecting this drastic shift, but it is almost complete. And the old guard is none too happy about it, as they cling to the remaining leverage they still have.

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It's one of those rare weeks in Washington, where Congress is actually forced into doing its job -- legislating, holding hearings... you know, the things the taxpayers actually pay them to do. As usual, they are facing multiple deadlines. They deserve zero pity, though, since they just returned from their annual month-long summer vacation. If they had stayed and worked instead of gone and played, then they wouldn't be facing all these time crunches simultaneously. Which is why we say: zero pity.

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Here we are again. The Washington Kabuki theater is raging while all the media cheerfully go along for the ride. Will the United States reach its debt ceiling without Congress acting, and will the country then default on its debts for the first time in over 200 years? What will that do to the world's economy? What will it do to the American economy? Red flags are waved, warning beacons go off, fire alarms sound, signal flares are launched. It's all merry fun until a way is figured out (at the last minute!) to save us all from the "fiscal cliff" of defaulting on our obligations. It's all as regular as clockwork, now. But it just doesn't have to be this way.

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In less than a week, congressional Democrats will face a deadline of their own making. Next Monday is the day Speaker Nancy Pelosi promised she would bring to the House floor the bipartisan infrastructure bill that the Senate has already passed. Because it has cleared the Senate, the next step for the bill (if the House passes it) is President Joe Biden's desk, for his signature. But unfortunately, it is increasingly looking like the companion budget reconciliation bill will not be ready for a vote -- perhaps not in either chamber. Since these two pieces of legislation are linked, this may mean neither one of them passes (at least, not next Monday). This would endanger the two bills which not only form the base of Biden's agenda, but also the basis for Democrats to run their campaigns on next year. Either both bills pass, Biden will be seen as a transformative president (on the order of L.B.J. or even F.D.R.), and the Democrats can run on a spectacular record of getting good things done in Washington -- or none of that will take place at all, which would pretty much doom the Democrats chances in the 2022 midterms. In other words, it's an important week -- one that may actually stretch into being an important month.

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Last night the Senate parliamentarian released the first in a series of opinions about the Democratic efforts to draft an enormous budget reconciliation bill. She said that, in her opinion, legalizing millions of undocumented immigrants should be seen as a policy proposal, not a budget proposal. If Democrats follow her advice, they'll have to remove the path to citizenship from the reconciliation bill. This would be a major blow to immigration reform, although not entirely unexpected.

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California Governor Gavin Newsom emerged victorious from his recall election last night, chalking up a rather stunning margin: with 71 percent of the vote counted, "No" on the recall was beating "Yes" by a whopping 28 points (64 percent to 36 percent). Not quite 2-to-1, but close. Since it was a special recall election held at an odd time, it garnered more than the normal amount of media and political interest nationwide -- especially after a poll a few months ago seemed to suggest that the race was somehow neck-and-neck. Obviously, it wasn't. Newsom may in fact beat the margin of victory he managed in his last election. Whatever the final numbers turn out to be, though, it's hard not to use the word "landslide" to describe the outcome.

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The next month in Congress might be the most momentous period for the institution in a very long time. We are almost down to the wire on President Joe Biden's entire economic agenda. Success seems elusive, but at the same time still achievable. If everything falls perfectly into place, Congress could pass legislation that children will learn about in history class right along with L.B.J.'s Great Society and F.D.R.'s New Deal. That's how momentous the next few weeks might be.

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Next month could wind up being a very productive one for Congress, although since we are talking about Congress we have to include the standard disclaimer: "but of course there is no guarantee." But the fact that there are several deadlines looming may actually prod them into action. The big question is whether they can manage to walk and chew gum at the same time, since there is so much on their "to do" list and so little time to accomplish it all.

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