US senate unveils $1 trillion bipartisan infrastructure bill

A key part of Biden’s agenda, the bipartisan bill is the first phase of the president’s infrastructure plan. It calls for $550 billion in new spending over five years above projected federal levels, what could be one of the more substantial expend...

AFP

U.S. Vice President Kamala Harris arrives at the U.S. Capitol on August 2 for debate on bill

After much delay, US senators have unveiled a nearly $1 trillion bipartisan infrastructure package, wrapping up days of painstaking work on the inches-thick bill and launching what is certain to be a lengthy debate over President Joe Biden’s big priority.

The Infrastructure Investment and Jobs Act clocked in at some 2,700 pages, and senators could begin amending it soon. Despite the hurry-up-and-wait during a rare weekend session, emotions bubbled over once the bill was produced on Sunday night. The final product was not intended to stray from the broad outline senators had negotiated for weeks with the White House.

“We haven’t done a large, bipartisan bill of this nature in a long time,” said Senate Majority Leader Chuck Schumer. He said a final vote could be held “in a matter of days”.


A key part of Biden’s agenda, the bipartisan bill is the first phase of the president’s infrastructure plan. It calls for $550 billion in new spending over five years above projected federal levels, what could be one of the more substantial expenditures on the nation's roads, bridges, waterworks, broadband and the electric grid in years.

Senators and staff laboured behind the scenes for days to write the massive bill. It was supposed to be ready Friday, but by Sunday even more glitches were caught and changes made. To prod the work, Schumer kept senators in session over the weekend, encouraging the authors to finish up work. AP

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › World News › US senate unveils $1 trillion bipartisan infrastructure bill
Text Size:AAA
Success
This article has been saved

*

+