First Thing: Joe Biden’s bold domestic agenda hangs in the balance

The US president faces a crucial 24 hours over his social policy plans; plus, leak reveals top Republicans in group with extremists

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Good morning.

Joe Biden faces a make-or-break 24 hours over his proposed $1tn public works plan, considered crucial by progressive Democrats, amid some resistance towards his broader social policy agenda among centrists.

Who pays? The wealthiest Americans and corporations would face tax increases; while the poor and middle class would face tax cuts, and those earning less than $400,000 annually would not be taxed more.

Precarious". The White House press secretary, Jen Psaki,said: We're obviously at a precarious and important time in these discussions ... It's like an episode of a TV show. Maybe the West Wing if something good happens."

How influential is the CNP? Its meetings have played host to presidential aspirants such as George W Bush and 1999 and Mitt Romney in 2007, and sitting presidents, including Donald Trump in 2020.

Corporations onboard. Members also include a Boeing vice-president, a key figure in the Coors brewing family, the founder of Forbes's business media empire, a senior vice-president at Morgan Stanley, and the founder of Cinemark.