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Infrastructure

AP News | Equities.com |

For President Joe Biden and the senators laboring over a nearly $1 trillion infrastructure package, there’s just one question left: Can enough Republicans get to yes?

Seventeen GOP senators joined all Democrats in voting this week to start the debate, launching what will be a dayslong process to consider the bill. The 67-32 vote was a surprisingly strong bipartisan showing, a rarity these days in the narrowly split Congress.


AP News | Equities.com |

Time running short, senators and the White House are working furiously to salvage a bipartisan infrastructure deal, with pressure intensifying on all sides to wrap up talks on President Joe Biden’s top priority.

Despite weeks of closed-door discussions, several issues are still unresolved over the nearly $1 trillion package. Spending on public transit remains in question and a new dispute flared over the regulation of broadband access. Patience was running thin Tuesday as senators accused one another of shifting the debate and picking fights over issues that had already been resolved.


AP News | Equities.com |

President Joe Biden expressed pointed frustration Wednesday over the slowing COVID-19 vaccination rate in the U.S. and pleaded that it’s “gigantically important” for Americans to step up and get inoculated against the virus as it surges once again.

Biden, speaking at a televised town hall in Cincinnati, said the public health crisis has turned largely into a plight of the unvaccinated as the spread of the delta variant has led to a surge in infections around the country.


AP News | Equities.com |

Senate Republicans rejected an effort Wednesday to begin debate on the big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden, but pressure was mounting as supporters insisted they just needed more time before another vote possibly next week.

Senate Majority Leader Chuck Schumer, D-N.Y., had scheduled the procedural vote to nudge along negotiations that have dragged for weeks. But Republicans mounted a filibuster, saying the bipartisan group still had a few unresolved issues and needed to review the final details. They sought a delay until Monday.


AP News | Equities.com |

President Joe Biden said his infrastructure and families agenda must be passed to sustain the economic momentum of his first six months in office, aiming to set the tone for a crucial week of congressional negotiations on the two bills.

But a Wednesday deadline set by Senate Majority Leader Chuck Schumer on the bipartisan infrastructure bill was in doubt as Republicans signaled they would block a procedural vote, for now, while details are still being worked out. Senators are wrangling over how to pay for the new spending in the $1 trillion package of highway, water system and other public works projects.


Reuters | Equities.com |

U.S. President Joe Biden's drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed on a $3.5 trillion investment plan they aim to include in a budget resolution to be debated soon, Senate Majority Leader Chuck Schumer said.

"We have come to an agreement," Schumer told reporters after more than two hours of closed-door talks that included Senate Budget Committee Democrats and White House officials. Republicans have not been part of these negotiations.


Kimberly Redmond | Equities.com |

The US Department of Agriculture (USDA) plans to award up to $307 million in grants and low-interest loans to help modernize rural drinking water and wastewater infrastructure.

In a press release announcing the initiative, Agriculture Secretary Tom Vilsack said the investments will help fund projects to eliminate outdated pipes and service lines in small communities in 34 states and Puerto Rico.


Kimberly Redmond | Equities.com |

The proposed bipartisan infrastructure agreement reached last week in Washington includes funding to remove and replace millions of lead pipes and service lines across the US.

According to the White House, $55 billion would go toward water infrastructure, which would encompass eliminating lead pipes and service lines that continue to serve an estimated six to 10 million homes and 400,000 schools and child care facilities.


AP News | Equities.com |

President Joe Biden declared on Thursday that “we have a deal,” announcing a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.

Biden made a surprise appearance in front of the cameras with members of a group of senators, Republicans and Democrats, after an agreement was reached at the White House. Details of the deal were scarce to start, but the pared-down plan, with $559 billion in new spending, has rare bipartisan backing and could open the door to the president’s more sweeping $4 trillion proposals later on.


Reuters | Equities.com |

A bipartisan group of 10 U.S. senators said on Thursday it had reached agreement on a framework for a proposed infrastructure spending bill that would not include any tax increases.

The group of five Republicans and five Democrats gave no details, but a source familiar with the deal said it would cost $974 billion over five years and $1.2 trillion over eight years, and includes $579 billion in new spending.