 "Senate has votes to clear $1-trillion infrastructure Bill: Report")
The Senate has secured the votes to pass a sprawling $1 trillion infrastructure bill on Tuesday to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives, delivering a key component of President Biden’s agenda.
The legislation would be the largest infusion of federal investment into infrastructure projects in more than a decade, touching nearly every facet of the American economy and fortifying the nation’s response to the warming of the planet.
It would provide historic levels of funding for the modernisation of the nation’s power grid and projects to better manage climate risks, as well as pour hundreds of billions of dollars into the repair and replacement of aging public works projects.
The measure now faces a potentially rocky and time-consuming path in the House, where the speaker, Nancy Pelosi, and the nearly 100-member Progressive Caucus, have said they will not vote on it unless and until the Senate passes a separate, even more ambitious $3.5 trillion social policy bill this fall.
The legislation would be the largest infusion of federal investment into infrastructure projects in more than a decade, touching nearly every facet of the American economy and fortifying the nation’s response to the warming of the planet.
It would provide historic levels of funding for the modernisation of the nation’s power grid and projects to better manage climate risks, as well as pour hundreds of billions of dollars into the repair and replacement of aging public works projects.
The measure now faces a potentially rocky and time-consuming path in the House, where the speaker, Nancy Pelosi, and the nearly 100-member Progressive Caucus, have said they will not vote on it unless and until the Senate passes a separate, even more ambitious $3.5 trillion social policy bill this fall.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%