IPFS News Link • Economic Stimulus
Senate Passes $1.2T Infrastructure Package
• Zero HedgeUpdate (1150ET): While the Senate vote on the $1.2 infrastructure package is ongoing as of this writing, the chamber now has enough votes to pass the legislation and send it to the House.
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After 50 hours of congressional debate over a 2,700 page, $1.2 trillion infrastructure bill, the US Senate is expected to pass the "once-in-a-generation" legislation, before it's kicked back to the House of Representatives - where Speaker Nancy Pelosi (D-CA), has vowed to shelve it until the Senate also passes a separate $3.5 trillion partisan budget.
Our nation's public transit systems are inadequate — and it's got to change. The Bipartisan Infrastructure Deal will make a historic investment in public transit to modernize and expand public transit in communities across the country.
— President Biden (@POTUS) August 10, 2021