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Biden Agenda Gets Boost on Democrats’ $3.5 Trillion Proposal

  • Budget agreement includes Sanders-sought Medicare expansion
  • Negotiators on separate infrastructure package make headway
Bloomberg business news
Senate Democrats Agree on $3.5 Trillion Spending Plan
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Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support, bridging divisions -- for now -- among some party factions.

Democrats on the committee had been divided about the size and scope of the package, with Chairman Bernie Sanders initially pushing a $6 trillion measure that added an expansion of Medicare, immigration reform, more generous childcare benefits along with other items to Biden’s proposal.