As he returns from Europe, President Joe Biden faces a major decision that will have consequences for the rest of his agenda: Does he take a bipartisan compromise on infrastructure and hope the rest of his agenda can pass on reconciliation without assurances from Sinema and Manchin? Or does he move on and go for one big Democrats-only proposal?

Raghu Manavalan is the host of POLITICO's Playbook.
Jenny Ament is the senior producer for POLITICO Audio. 
Irene Noguchi is the executive producer of POLITICO Audio.