President Joe Biden received a win for his economic agenda this week from an unlikely source — the Republican-led House of Representatives.

A bipartisan coalition of Republicans and Democrats overwhelmingly passed a $78 billion bill that expands the child tax credit and renews key business investment deductions. The bill was negotiated between House Ways and Means Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Ron Wyden (D-OR) and advances the key agenda for the Biden administration in expanding the child tax credit.

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