{"id":134164,"date":"2021-08-02T16:36:21","date_gmt":"2021-08-02T16:36:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=134164"},"modified":"2021-08-02T16:36:21","modified_gmt":"2021-08-02T16:36:21","slug":"heres-what-comes-next-for-the-1-trillion-bipartisan-infrastructure-bill","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/heres-what-comes-next-for-the-1-trillion-bipartisan-infrastructure-bill\/","title":{"rendered":"Here&#x27;s what comes next for the $1 trillion bipartisan infrastructure bill"},"content":{"rendered":"<ul>\n<li>The Senate needs to vote on amendments to the $1 trillion bipartisan infrastructure bill, and a senator&#x27;s objections to its swift approval could hold it up for days.<\/li>\n<li>Majority Leader Chuck Schumer hopes to pass both the infrastructure plan and start the process of passing a separate Democratic spending plan before the chamber leaves for its recess next week.<\/li>\n<li>Both massive bills could then take a while to get to Biden&#x27;s desk. The House is not scheduled to return to Washington until Sept. 20.<\/li>\n<\/ul>\n<p>Senators introduced their bipartisan infrastructure bill on Sunday after months of wrangling, setting it up for passage as soon as this week.<\/p>\n<p>Majority Leader Chuck Schumer aims to rush the 2,702-page legislation through the chamber before a planned monthlong recess starting Aug. 9. Votes on amendments \u2014 or a decision by any senator to delay the process \u2014 could trip up the New York Democrat&#x27;s timeline.<\/p>\n<p>The coming days will prove pivotal for President Joe Biden&#x27;s economic agenda. Before the Senate leaves Washington, Schumer wants to pass both the $1 trillion infrastructure bill and a budget measure that would allow Democrats to approve a separate $3.5 trillion spending package without a Republican vote.<\/p>\n<p>&quot;Given how bipartisan the bill is, and how much work has already been put in to get the details right, I believe the Senate can quickly process relevant amendments and pass this bill in a matter of days,&quot; Schumer said Sunday night.<\/p>\n<p>&quot;Then, I will move the Senate along the second track of our infrastructure effort and take up the budget resolution,&quot; he continued.<\/p>\n<h2>CNBC Politics<\/h2>\n<p>Read more of CNBC&#x27;s politics coverage:<\/p>\n<ul>\n<li>Treasury Dept to invoke &#x27;extraordinary measures&#x27; as Congress misses debt-ceiling deadline<\/li>\n<li>Senate finishes text of bipartisan infrastructure bill after rare weekend session<\/li>\n<li>Judge gives Trump time to challenge tax return disclosure to Congress<\/li>\n<\/ul>\n<p>Both massive bills could then take a while to get to Biden&#x27;s desk. The House is not scheduled to return to Washington until Sept. 20.<\/p>\n<p>Meanwhile, the coming midterm elections could grind business in Congress to a halt next year if Democrats fail to pass the bills by the end of 2021.<\/p>\n<p>While the bipartisan plan appears poised to get through the Senate, Democrats&#x27; two-pronged plan could still get derailed. House Speaker Nancy Pelosi, D-Calif., has said she will not take up either the infrastructure plan or budget measure until the Senate passes both of them, a strategy that has sparked criticism from Republicans.<\/p>\n<p>Centrist Democrats in both chambers have concerns about the $3.5 trillion price tag attached to their party&#x27;s bill. Some progressives contend it would not go far enough.<\/p>\n<p>Democrats and Republicans who back the infrastructure bill say it will boost the economy and provide a long-needed refresh to transportation and utility systems. Democrats aim to go further with their second plan to expand the social safety net and curb climate change.<\/p>\n<p>The bipartisan package would include about $550 billion in new spending on roads, bridges, airports, waterways, broadband, water systems and the power grid.<\/p>\n<p>&quot;Over the last four days we have worked day and night to finalize historic legislation that will invest in our nation&#x27;s hard infrastructure and create good-paying jobs for working Americans in communities across the country without raising taxes,&quot; the 10 Republican and Democratic senators who helped to craft the infrastructure bill said in a statement Sunday.<\/p>\n<p>They said they looked forward to &quot;moving this bill through the Senate and delivering for the American people.&quot;<\/p>\n<p>To move on to their larger bill, Democrats will first have to approve a budget resolution that starts the reconciliation process. It would allow a plan to pass with only the 50 members of the Democratic caucus in the Senate.<\/p>\n<p>The party aims to expand child care and paid leave, boost public health-care subsidies, and make pre-K and higher education more accessible. It also hopes to extend tax credits for families, encourage the adoption of green energy, and make buildings and infrastructure more resilient against climate change.<\/p>\n<p>While Democrats appear set to pass their budget resolution, some senators have signaled they will seek to trim the final legislation.<\/p>\n<p><em><strong>Subscribe to CNBC on YouTube.<\/strong><\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/08\/02\/infrastructure-senate-to-vote-on-bipartisan-bill.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate needs to vote on amendments<\/p>\n","protected":false},"author":3,"featured_media":134163,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23055],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here&#x27;s what comes next for the $1 trillion bipartisan infrastructure bill - 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