U.S. lawmakers nearly agree on a $ 1 trillion infrastructure bill

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A group of US Senators in centrism competed on Sunday to reach a final agreement on a $ 1 trillion bipartisan infrastructure package textbook. Financing mass transit has emerged as an important issue, raising tensions over Joe Biden’s broad economic agenda.

Ohio Republican Senator Rob Portman and Virginia Democratic Senator Mark Warner agreed in a separate television interview on Sunday to codify an interparty agreement signed with Biden last month. He said he was confident he could reach this week.

“We’re about 90 percent of the way to that point,” Portman said in an interview with ABC.

“We’re going to legislate the language with our colleagues and staff, and I’m happy to get it done this week.”

Warner told Fox News on Sunday:

The $ 1 trillion plan will fund investments in roads, bridges, ports, airports, water services and broadband networks.

Funding for mass transit projects is “one of the open issues,” Portman said, and the Republicans are “less responsive to the Democrats.”

Republicans, who disproportionately represent local states and communities, want less level funding for public transport, while Democrats, whose support is concentrated in cities, are for mass transit. We hope to include more funding in the agreement.

“My hope is that we can still see that progress today,” Portman added.

First procedural vote to hold a debate about $ 1 trillion invoice It failed last week as Republican lawmakers barked at the fact that some of the details of the proposal and the final text had not yet been published. However, supporters of the White House and Congress’ proposal pushed it forward, setting Monday as the deadline for a new vote.

Biden sincerely supports the deal, as a key to the US economy and as a sign that it can spur bipartisan deals in Washington, strengthening the political interests in the negotiations.

If the deal fails, the Democratic Party will pay it by raising taxes on the wealthiest households and put it into a law expected to exceed $ 3.5 trillion by the end of the year it wants to pass without Republican support to fund education and childcare Expected to include. Corporation.

The White House’s push to push both packages this year has heightened tensions on Capitol Hill. Republicans are attacking larger plans as overspending that hurt the economy and cause further inflation. Meanwhile, the Democratic Party argues that these are important investments that promote long-term growth and ease price pressure over time.

Speaker of the House Nancy Pelosi told ABC on Sunday that Democrats of the House will not pass the bipartisan infrastructure package until a larger bill is approved in the Senate, but Republicans reject the relationship. is doing.

“The infrastructure bill has nothing to do with the reckless tax and spending luxuries she’s talking about,” said Portman, who could jeopardize bipartisan agreements if Pelosi “give way”. I warned that there was sex.

Republicans are also skeptical of voting to raise U.S. debt limits as part of fiscal negotiations and need bipartisan support to approve measures to prevent the U.S. from defaulting. It offended Democrats and has already been approved by Congress.

The US Treasury warned last week that it would begin taking special steps to strengthen its cash position, but urged Congress to act as soon as possible to raise the country’s debt limits.

U.S. lawmakers nearly agree on a $ 1 trillion infrastructure bill

Source link U.S. lawmakers nearly agree on a $ 1 trillion infrastructure bill

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