U.S. senators reach deal on major points of bipartisan infrastructure bill By Reuters

2/2

© Reuters. A street is closed due to work in the road in Jersey City, New Jersey, U.S. March 31, 2021. REUTERS/Eduardo Munoz

2/2

WASHINGTON (Reuters) – U.S. Senate negotiators to a $1.2 trillion bipartisan infrastructure bill have reached agreement on the major components of the measure, Republican Senator Rob Portman told reporters on Wednesday.

That could clear the way for the legislation to begin moving through the Senate following months of talks. Senate Majority Leader Chuck Schumer said a procedural vote on a bipartisan bill was possible as soon as Wednesday night.

“Senators continue to make good progress,” Democrat Schumer said in a speech on the Senate floor.

Republican Senator Susan Collins, however, cautioned that some details were still being finalized.

Another Republican senator, Lisa Murkowski, told reporters, “I think that there is a strong, solid number of folks on both sides of the aisle that want to get on to an infrastructure package.”

She added that senators will be briefed on the measure being negotiated “in these next hours.”

The procedural vote would simply limit debate on whether the Senate should begin considering a bipartisan infrastructure investment bill that is thought to be in the range of $1.2 trillion.

On July 21, Republicans blocked such a move, complaining that a bill had not yet been written.

Democrats are hoping to pass this month or early next month whatever measure is agreed upon in the bipartisan negotiations.

That could help clear the way for Democrats to begin pushing another large spending bill totaling around $3.5 trillion that Republicans are vowing to oppose.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*