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April 28, 2021, 9:54 p.m. EDT

Biden pitches families plan, infrastructure and calls on wealthy to pay ‘fair share’ in first speech to Congress: live blog and video

State-of-the-Union-style speech will also focus on policing, immigration

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By Victor Reklaitis and Robert Schroeder, MarketWatch

Getty Images
President Joe Biden addresses a joint session of Congress as Vice President Kamala Harris (L) and Speaker of the House U.S. Rep. Nancy Pelosi (D-CA) (R) look on in the House chamber of the U.S. Capitol April 28, 2021 in Washington.

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

US : Dow Jones Global
+431.17 +1.34%
Volume: 389.31M
May 17, 2022 4:54p

Victor Reklaitis is MarketWatch's Money & Politics reporter and is based in Washington, D.C. Follow him on Twitter @VicRek. Robert Schroeder is the White House reporter for MarketWatch. Follow him on Twitter @mktwrobs.

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