Biden had wanted a framework of a deal by tomorrow
Sen Manchin said negotiators are making good progress and there's lots of fine print to review. The White House wanted a 'framework' on a deal this week.
This sounds like it's making progress and will get to the finish line but with watered down numbers over 10 years and no changes in taxation levels, I don't know how much of a market mover it is.
Update: Another comment that suggests the timeline is going to be stretched. "This is not going to happen anytime soon guys. They're trying to get a meeting of minds to find out what can happen from there."