Democrats release $3.5 trillion budget resolution, which doesn't include an increase to the debt limit

Senate Democrats released their budget resolution on Monday, which does not include an increase to the debt limit, kicking off a massive showdown on Capitol Hill and previewing the party's next steps following the expected passage of a bipartisan infrastructure bill.

The budget resolution has a price tag of $3.5 trillion, an includes a series of tax increases and other offsets to help finance the sweeping plan, though the majority of the legislation implementing the plan needs to be written as a dozen committees have instructions to start drafting legislation. Passing the budget resolution is just the first step, then it becomes the job of the committees to write the reconciliation bill.