Bipartisan $1.2T Infrastructure Bill Expected to Pass in Senate Today
What Happened:
On Tuesday, the Senate is expected to pass the nearly $1.2 trillion bipartisan infrastructure bill with around 70 Senators in support. The vote will be at approximately 11 AM EST.
The enormous 2,700 page bill took weeks of negotiation and the passage will mark a major step towards achieving one of the Biden administration’s key campaign goals.
Said Senate Majority Leader Chuck Schumer (D), it's "the first time the Senate has come together around such a package in decades."
Over half the bill, $550 Billion, is dedicated to new federal spending, $73 billion to rebuild the electric grid, $66 billion for passenger and freight trains, $65 billion to expand Internet access, $55 billion for waste and water infrastructure, $40 billion for bridges, $39 billion to help modernize public transit and $7.5 billion to help create a network of charging stations for electric vehicles.
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