• By The Financial District

U.S. Senate Passes $1T Infra Bill, Debates $3.5T Budget Plan

The US Senate on Tuesday, August 10, 2021, voted 69-30 to pass President Joe Biden's $1 trillion infrastructure investment bill. Emily Cochrane reported for the New York Times, handing defeated US president Donald Trump another disaster as he had vowed to prevent the bill from passing.

Photo Insert: President Joe Biden and Vice President Kamala Harris celebrate the passing of the bipartisan infrastructure bill.

The bill, supported by 19 Republicans, including Senate minority leader Mitch McConnell, got the green light as the Senate launches a debate on a budget framework aimed at setting the stage for $3.5 trillion in additional investments, the Associated Press (AP) also reported.


Taken together, the measures, if eventually enacted into law, would jump-start road and bridge-building projects across the United States over the next five years and new social programs over the next decade, Richard Cowan and David Morgan reported for Reuters.


Democratic Senate Majority Leader Chuck Schumer late on Monday set the vote on the bipartisan infrastructure bill for 11 a.m. (1500 GMT) on Tuesday. If the Senate, as expected, passes the bill, many rural communities will be in line to get broadband internet service, potentially boosting their economies.


Once passed, the legislation will go to the Democratic-controlled House of Representatives for consideration sometime this fall.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

An around-the-clock session could then be in store for the Senate as it aims to debate and pass the larger, $3.5 trillion budget plan. In order to move through the evenly divided Senate without Republican support, Democrats aim to employ a "reconciliation" procedure that would allow them to advance the budget plan this week and implementing legislation later this year on simple majority votes.


Government & politics: Politicians, government officials and delegates standing in front of their country flags in a political event in the financial district.

The budget plan will provide various Senate committees with top-line spending levels for a wide range of federal initiatives, including helping the elderly get home healthcare and more families afford early childhood education.



WEEKLY FEATURE : PAL READY TO SOAR WITH PANDEMIC

Optimize asset flow management and real-time inventory visibility with RFID tracking devices and custom cloud solutions.
Sweetmat disinfection mat