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Happy Monday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. Subscribe here: thehill.com/newsletter-signup.

Todays Big Deal: House Democrats are now hitting the most challenging stretch of their infrastructure push. Well also look at an ethics review at the Federal Reserve and how much of President BidenJoe BidenTrump endorses challenger in Michigan AG race On The Money: Democrats get to the hard part Health Care GOP attorneys general warn of legal battle over Biden's vaccine mandate MOREs relief bill actually made it to American families.

But first, a wholesome Giannis moment.

For The Hill, Im Sylvan Lane. Write me at slane@thehill.com or @SylvanLane. You can reach my colleagues on the Finance team Naomi Jagoda at njagoda@thehill.com or @NJagoda and Aris Folley at afolley@thehill.com or @ArisFolley.

Lets get to it.

Democrats brace for toughest stretch yet with Biden agenda

House Democrats this week wrapped up the bulk of committee work on a $3.5 trillion package of social benefits and climate programs a massive undertaking that advances what would be a legacy-defining domestic agenda for President Biden.

Now the harder part begins.

While 13 separate committees succeeded in drafting, massaging and ultimately approving the portions of the package under their jurisdiction, the process featured plenty of infighting between disparate factions over various provisions differences that have created headaches for Democratic leaders and will need resolving before the legislation hits the floor.

The combination is raising new questions about whether House leaders have the votes to pass the package on the floor with a minuscule majority. And thats all before the looming fight in the evenly split Senate, where Democrats can afford zero defections.

The Hills Mike Lillis and Scott Wong break it down here.

PRESENTED BY WELLS FARGO

D.C. small businesses receive $10M from Wells Fargo

Eddie Lofton of JC Lofton Tailors on U Street is rebuilding his business with a grant from nonprofit LISC D.C.

Wells Fargos Open for Business Fund, a small business recovery effort has donated $10M to nonprofits that support District businesses to date.

LEADING THE DAY

Over $450B in COVID-19 relief funds delivered to families: Treasury

The Treasury Department said in a new report on Thursday that it has delivered over $450 billion to families directly under the $1.9 trillion coronavirus rescue package President Biden signed earlier this year.

Overall, the agency said it has distributed roughly $700 billion out of the $1 trillion it was tasked with managing in programs and tax credits under the presidents American Rescue Plan that was approved by Congress shortly before spring. Aris has more details here.

TAKING STOCK

Federal Reserve officials' stock trading sparks ethics review

Federal Reserve Chairman Jerome Powell has directed officials at the central bank to take a comprehensive look into the ethics rules surrounding permissible financial holdings and activities by senior staff.

A spokesperson confirmed to The Hill on Thursday that Powell issued the directive last week after reports emerged of stock trades made by leaders at the Fed's banks in Dallas and Boston last year.

While both bank presidents said they complied with ethics rules, they later said they would divest their assets to avoid the appearance of any conflict of interest. Heres the full story from Aris.

BIDEN BASHES BIG BIZ

Biden goes after top 1 percent in defending tax hikes

President Biden on Thursday went after big corporations and wealthy Americans while promoting his economic agenda that congressional Democrats are working to get across the finish line.

Let me ask you this, where is it written in that all the tax breaks in the American tax code go to corporations and the very top? I think its enough, Im tired of it, he said in remarks at the White House on the economy.

The president reiterated his calls for big corporations and the wealthy to pay their fair share in taxes, saying it's long overdue.

Im not out to punish anyone, Im a capitalist. If you can make a million or a billion dollars, thats great. God bless you. All Im asking is you pay your fair share, pay your fair share, just like middle class folks do, he said.

The Hills Alex Gangitano takes us there.

A MESSAGE FROM WELLS FARGO

D.C. diner rebuilds with help from nonprofit & Wells Fargo

Flip-It LJ Diner owner Sandra Foote didnt think her Columbia Heights restaurant could survive COVID-19.

Wells Fargos Open for Business Fundprovided a grant to the nonprofit District Bridges, which then helped Sandra cover bills. .

Good to Know

Retail sales rose slightly in August despite soaring cases of COVID-19 and supply chain snags, reversing from a decline in July and beating expectations of another decrease.

Heres what else have our eye on:

Thats it for today. Thanks for reading and check out The Hills Finance page for the latest news and coverage. Well see you tomorrow.

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On The Money: Democrats get to the hard part | TheHill - The Hill