Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A recent article discussed the fate of two spending bills in Congress. Map the choices into a simple two by two game and discuss what
A recent article discussed the fate of two spending bills in Congress. Map the choices into a simple two by two game and discuss what you expect the players to do. Democrats are at an impasse in negotiations over a pair of massive spending bills, and a classic problem in game theory can clear up the nature of their squabbling The two bills at stake are a $1 trillion bipartisan, roads-and-bridges infrastructure deal favored by the centrist wing of the party and a $3.5 trillion social spending bill backed by the progressive faction. Shortly after the bipartisan infrastructure bill passed the Senate in June, the Democratic leadership brokered a deal to couple it with the broader social spending reconciliation bill, which includes many of the progressives' biggest priorities. In other words, the two sides of the party promised their pet bills would move forward in tandem. A vote on the bipartisan deal in the House of Representatives is scheduled for Thursday, but progressives like Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders have made rumblings about opposing the bill in recent days after Speaker Nancy Pelosi appeared to uncouple the two spending packages under pressure from the centrist wing of the party
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started