China News Service, August 11, reported that on the 10th, the US Senate passed a bipartisan infrastructure agreement worth about $1 trillion.
If this bill passes the House of Representatives, it will be a big victory for President Biden.
Biden described this as a "historic" bill.
Data map: US President Biden.
The bill was passed by a vote of 69 to 30. In addition to all Democrats, 19 Republicans voted in favor.
The Senate Majority Leader Schumer, a Democrat of New York State, said before the vote: "Today, the Senate has taken steps ten years late. This bill will revitalize the infrastructure of the United States and give our workers, our companies, and our The economy provides the tools to succeed in the 21st century."
One of the main Republican negotiators, Ohio Republican Rob Portman said before the vote that in the past few decades, successive presidents have tried to pass infrastructure packages, but they all ended in failure, and the Senate "is about to make history."
This bill, which has been enacted after several months, requires the federal government to spend $550 billion in new expenditures on improving America’s aging infrastructure, including investing money to slow the impact of climate change.
However, this is still much lower than the $2.6 trillion Biden proposed earlier.
According to analysis by the Congressional Budget Office (CBO), the bill will increase the deficit by 256 billion yuan, but negotiators from both parties believe that these "hard" infrastructure projects will recover their costs over time.
The bill will then be submitted to the House of Representatives for a vote, but due to differences within the Democratic Party, which has a majority in the House of Representatives, the fate of the bill in the House of Representatives is facing uncertainty.
House Speaker Pelosi has vowed that unless the Senate passes the second part of the infrastructure plan, which is a $3.5 trillion spending package including Democratic priorities, she will not submit the first part of the bill to a vote.