POLITICO Playbook PM: Team Biden gang-tackles Summers
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President Joe Biden is holding firm to the belief that he needs to go big on Covid relief. | Stefani Reynolds-Pool/Getty Images
The
LARRY SUMMERS op-ed about the Biden stimulus bill that we flagged this morning has set the left wonkosphere on fire. Summers is warning that $1.9 trillion in new spending would amount to three times what is needed to fill in the hole in the economy, and could lead to an overheated economy and financial instability before next year’s midterms. And, more important to progressives, make it difficult to pass President