Investors wary on Washington, balancing debt ceiling, infra bill

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NEW YORK: The economic boost from an expected $1 trillion infrastructure bill working its way through the U.S. Senate has helped push Wall Street stocks near record levels, but some investors are concerned that the next two months in Washington could be rocky.

At issue is not only the bipartisan infrastructure bill, but an expected $3.5 trillion in proposed spending in a Democrat-led reconciliation bill. There is also a showdown coming over the debt ceiling, which could lead to a federal government shutdown if a deal is not reached to increase the borrowing limit by October.