Dems' 2022 prospects hit with one-two blow on economy
Wall Street forecasters are dialing back their growth projections for next year as fading hopes for the president's sweeping economic agenda and heightened concerns about the new Covid variant have suddenly clouded the outlook.
The twin blows are coming on top of a fiscal drag that was already expected in 2022 as support from earlier economic-relief efforts has wound down. That creates even more challenges for Democrats in an election year in which they're struggling to maintain control of Congress.
“It can’t be good for Democrats’ chances in the midterms,”...