US Senate green lights infrastructure spending bill

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The US Senate passed a 67 to 32 vote to pass the Infrastructure Spending Bill. This is the first successful step in pushing forward the long-awaited spending measure, but the bill will need to be approved by both houses of parliament. pgslot Before sending it to President Joe Biden to sign into law.

Yesterday's Senate vote came just hours after Ohio Senator Rob Portman, who heads Republican negotiators, told reporters that Senators, Democrats and Republicans have reached an agreement on the infrastructure spending bill. This includes new spending of $550 billion that will be spent on infrastructure projects such as roads, bridges, commuter trains, drinking water and waste disposal.

On the 26th of June Biden has announced an agreement with Congress to invest in infrastructure in the United States. The project, dubbed the “Bipartisan Infrastructure Framework,” is estimated at $1.2 trillion. and aims to stimulate the economy and jobs in the United States.

“Infrastructure spending will help create millions of jobs in the US. And it will help our infrastructure to be more modern. These projects will create environmentally friendly transport. clean tap water Comprehensive broadband network There are clean energy utilities. and will help restore the environment These investment projects are one of my American Jobs Plans,” Biden said.

The International Monetary Fund (IMF) raised its forecast for US economic growth in 2021 to 7%, a steep increase from the previous forecast of 4.6%. the assumption that President Joe Biden's infrastructure spending plan will be enforced.