By Victor Reklaitis and Robert Schroeder, MarketWatch
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President Joe Biden gives his first big speech to Congress on Wednesday night, in a State-of-the-Union-style address in which he’ll make the case to voters for his newly unveiled safety-net and education proposals, and much more.
In his address to a joint session of Congress, Biden will also press for action on police reform, immigration and infrastructure before a reduced-capacity crowd in the House chamber. COVID-19 protocols mean that only about 200 people will attend — a fraction of the usual number.
Republicans have given Biden’s tax-hike proposals the cold shoulder, but the president is pressing ahead with plans to increase levies on corporations and the wealthy to pay for his ideas.
U.S. stocks /zigman2/quotes/210598065/realtime DJIA +1.34% finished lower Wednesday ahead of Biden’s speech and after the Federal Reserve opted to keep interest rates near zero, as expected, at the conclusion of its two-day policy meeting.
Follow along with MarketWatch for a live blog of the proceedings, which come a day before Biden’s 100th day as president.
Read more: Here’s what’s in Biden’s $1.8 trillion ‘American Families Plan’ | What has Biden gotten wrong in his first 100 days? Done right? Analysts sound off. | Young investors see a ‘buying opportunity’ if Biden raises capital-gains taxes on America’s millionaires
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