Biden’s $550 Billion Infrastructure Plan Hurdles Senate

Source: Bloomberg

The United States Senate approved a $550-billion infrastructure plan, making President Joe Biden’s economic agenda one step closer to realization.

• The measure recorded a bipartisan vote of 69-30, including 50 Democrats and 19 Republicans who voted in favor.
• The approval comes months after negotiations, Republican lawmakers forcing Democrats to exhaust motions on the measure.
• Biden welcomed the development, telling America that “this is how we truly build back better.”
• The bill will now be passed to the House, which will be in recess until September 20.
• House Speaker Nancy Pelosi earlier said she will not push for a vote until the Senate passes the broader economic plan. Moderates are calling for immediate action.
• Conservative Democrats have called for fast action, expressing opposition to any unnecessary delay of critical infrastructure investments.