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U.S. Senate Advances Infrastructure Bill As Democrats Push A Bullish Economic Agenda

July 30, 2021 by Forex Winner Leave a Comment

U.S. Senate Advances Infrastructure Bill as Democrats Push a Bullish Economic Agenda

The U.S. The Senate voted to progress an infrastructure bill on Wednesday, a right step to the advancement of the Democrat’s economic agenda. 

  • The vote puts up the bill for debate, which once through, will put $550 billion to transportation, broadband, and utilities.
  • The proposed amount was reduced from $ 579 billion amidst disputes between the democrats and republicans over its allocation to transit and broadband.
  • The bill will only pass if Chuck Schumer, the Senate Majority Leader, will have 50 Democrats and 10 Republicans vote yes.
  • House Speaker Nancy Pelosi maintains that she will not bring the infrastructure bill or the budget measure bill to the house until the Senate passes both.
  • The Democrats still face a big task ahead as they push to pass a separate $ 3.5 trillion spending package in the months ahead.

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