The U.S. Senate on Tuesday voted 69-30 to approve a bipartisan infrastructure bill, in a move that sends the $1 trillion measure over to the House of Representatives for its approval.
The bill, known as the Infrastructure Investment and Jobs Act, calls for $550 billion in new public-works spending above what already was expected in future federal investments.
“It’s been a long and winding road, but we have persisted, and now we have arrived,” said Senate Majority Chuck Schumer, the New York Democrat, shortly before the chamber’s vote. “There were many logs in our path, detours along the way, but the American people will now see the most robust injection of funds into infrastructure in decades.”
“Spending will take a few years to ramp up and will in any case be spread over the rest of the decade,” said Michael Pearce, senior U.S. economist at Capital Economics, in a recent note. Related: AOC stresses progressive Democrats won’t back bipartisan infrastructure bill without $3.5 trillion package
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Senate attempts to complete $1 trillion infrastructure billFollowing months of negotiation and delay, the U.S. Senate was inching closer on Monday to finishing a $1 trillion infrastructure spending bill, with a vote on passage of the bipartisan deal possible by Tuesday.
Read more »
Senate passes $1 trillion infrastructure bill after months of intense bipartisan talksThe Senate passes a sweeping $1 trillion infrastructure bill after months of intense bipartisan talks. When the House will vote remains unclear.
Read more »
Focusing On Creating An Instagram Community, This Founder Surpassed $1 Million In Sales In 4 HoursSuzy Holman, cofounder of Jovi, a patch that mutes menstrual cramps with nano capacitor technology, grew her community to over 150,000 members. She leaned on them to help her name and launch the company. At launch, it surpassed $1 million in sales within the first four hours.
Read more »
NetEase delays $1 bln Hong Kong listing of music streaming firm - sourcesNetEase Inc (9999.HK) has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village because of volatile trading in China's major tech companies, two people with direct knowledge of the matter said.
Read more »
Sony’s Funimation Closes $1.2B Crunchyroll Acquisition From AT&T, Plans to Create Single Anime ServiceAT&T has officially divested Crunchyroll, closing the sale of the anime business to Sony’s Funimation group — bringing together two erstwhile competitors under the Sony umbrella. Th…
Read more »
Here's what's next for the $1 trillion bipartisan infrastructure billThe $1 trillion bipartisan infrastructure bill the Senate passed goes to the House, where it faces new hurdles, including progressive Democrats.
Read more »