Biden’s Two-Front Economic Agenda Makes Headway in Senate
- Former senator rallies bipartisan group to reach major accord
- Senate plans to work through weekend on infrastructure package
U.S. President Joe Biden greets attendees at the Mack Trucks Lehigh Valley Operations facility in Macungie, Pennsylvania on July 28, 2021.
Photographer: Ryan Collerd/BloombergThis article is for subscribers only.
President Joe Biden’s ambitious economic plans got a major push forward with the Senate voting to begin work on a $550 billion infrastructure bill and Democrats uniting behind a plan to muscle through a broader budget resolution to carry the party’s priorities.
The twinned proposals -- which Senate Majority Leader Chuck Schumer said he hopes to get through his chamber before the upcoming August recess -- set the stage for some $4.1 trillion in new spending if they ultimately became law, amounting to the biggest overhaul of domestic programs in decades.