Biden prepares to scale back lofty goals as signature spending plan under threat

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By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON (Reuters) – President Joe Biden and his senior Democratic allies in Congress are preparing to lower their ambitions for a signature legislative achievement on their top social priorities. Faced with increasingly stiff odds of passing their $3.5 trillion social-spending proposal, Biden and his aides are trying to suss out what narrower proposal could unite an ideologically fractured Democratic caucus of lawmakers, according to people familiar with the matter. Biden canceled a planned trip to Chicago on Wednesday to twist arms in the nation’s ca…

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