In his first speech to a joint session of Congress, President Biden set out an expansive vision for the role of American government. He spent much of the address detailing his proposals for investing in the nation’s economic future — spending that would total $4 trillion. We analyze the president’s address and his plans for remaking the American economy. Guest: Jim Tankersley, a White House correspondent for The New York Times. Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: President Biden laid out an ambitious agenda on Wednesday night to rewrite the American social contract. Invoking the legacy of Franklin D. Roosevelt, Mr. Biden unveiled a $1.8 trillion social spending plan to accompany previous proposals.Read highlights from the president’s first address to Congress here. For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.