Senate Fails to Advance Competing Infrastructure Plans
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The U.S. Senate blocked two competing proposals to boost construction on roads, bridges and other infrastructure as Democrats and Republicans escalated their fight over President Barack Obama’s $447 billion jobs plan.
The Senate voted 51-49, short of the 60 needed to begin debate, on a Democratic measure to provide $60 billion for construction work and an “infrastructure bank” to leverage capital for more projects. It would be financed by a 0.7 percent tax surcharge on millionaires.