Presented by the American Investment Council.

Hey, good morning, Playbookers. It's Friday, June 25th. I'm Rugamuna Vallin, and this is your Politico Playbook Daily Briefing.

President Joe Biden, Senate Majority Leader Chuck Schumer, and House Speaker Nancy Pelosi

unveiled a rather daring new strategy Thursday for getting the president's agenda passed.

It goes a little something like this.

If Biden's proposal for family infrastructure and climate change doesn't pass,

then neither will the bipartisan infrastructure deal that Senators just struck.

Think of this as a plan B after Senators Joe Manchin and Kirsten Cinema

refused to promise that they'll support a multi-trillion dollar reconciliation package.

But the Biden-Schumer policy playbook also has the makings of a serious legislative train wreck.

According to Hill Sources, here's your new

timeline of how this thing is going to work. First step, the Senate will turn the bipartisan

agreement into legislative text in the coming days so it can pass it out of the chamber in July.

The House will likely have its own version of the bill. But instead of a combined bill ready for

Biden's signature before the August recess,

expect the infrastructure bill to wait until the Democrats' only package catches up.

Step number two.

Schumer and Pelosi plan to have both their chambers pass their respective budget resolutions before the August recess.

That will enable Democrats to unlock the fast-tracking reconciliation tool.

Step number three, the budget will include instructions for each committee to tackle everything

from corporate tax hikes to climate change, education, paid family leave, and the like.

In other words, everything Democrats want that's not included in the bipartisan infrastructure

...