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U.S. Democrats pass $1 trln infrastructure bill, ending daylong standoff

Published 11/05/2021, 08:34 AM
Updated 11/06/2021, 03:22 AM
© Reuters. FILE PHOTO: The U.S Capitol seen at night from Pennsylvania Avenue in Washington, U.S., October 24, 2021. REUTERS/Sarah Silbiger/File Photo

By Susan Cornwell and Makini Brice

WASHINGTON (Reuters) -After a daylong standoff, Democrats set aside divisions between progressives and centrists to pass a $1 trillion package of highway, broadband and other infrastructure improvement, sending it on to President Joe Biden to sign into law.

The 228-to-206 vote late on Friday is a substantial triumph for Biden's Democrats, who have bickered for months over the ambitious spending bills that make up the bulk of his domestic agenda.

Biden's administration will now oversee the biggest upgrade of America's roads, railways and other transportation infrastructure https://www.reuters.com/world/us/roads-bridges-airports-details-bidens-1-trillion-infrastructure-bill-2021-11-05 in a generation, which he has promised will create jobs and boost U.S. competitiveness.

Democrats still have much work to do on the second pillar of Biden's domestic program: a sweeping expansion of the social safety net and programs to fight climate change. At a price tag of $1.75 trillion, that package https://www.reuters.com/business/cop/whats-bidens-175-trillion-build-back-better-package-2021-11-05 would be the biggest expansion of the U.S. safety net since the 1960s, but the party has struggled to unite behind it.

Democratic leaders had hoped to pass both bills out of the House on Friday, but postponed action after centrists demanded a nonpartisan accounting of its costs - a process that could take weeks.

After hours of closed-door meetings, a group of centrists promised to vote for the bill by Nov. 20 - as long as the nonpartisan Congressional Budget Office found that its costs lined up with White House estimates.

"Welcome to my world. This is the Democratic Party," House Speaker Nancy Pelosi told reporters earlier in the day. "We are not a lockstep party."

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The $1.75 trillion bill cleared a procedural hurdle by a vote of 221 to 213 early on Saturday, which will enable Democratic leaders to quickly schedule a final vote when the time comes.

The standoff came just days after Democrats suffered losses in closely watched state elections, raising concerns that they may lose control of Congress next year.

The infrastructure bill passed with the support of 13 Republicans, fulfilling Biden's promise of passing some bipartisan legislation. The phrase "infrastructure week" had become a Washington punch line during his predecessor Donald Trump's four years in the White House, when plans to focus on those investments were repeatedly derailed by scandals.

"Generations from now, people will look back and know this is when America won the economic competition for the 21st Century," Biden said in a statement.

AIM TO MOVE FORWARD

The party is eager to show it can move forward on the president's agenda and fend off challenges in the 2022 midterm elections in which Republicans will seek to regain control of both chambers of Congress, which they lost to the Democrats under Trump.

Congress also faces looming Dec. 3 deadlines to avert a politically embarrassing government shutdown and an economically catastrophic default on the federal government's debt.

With razor-thin majorities in Congress and a united Republican opposition, Democrats need unity to pass legislation.

The infrastructure bill, which passed the Senate https://www.reuters.com/article/usa-biden-infrastructure-idTRNIL1N2PH1MA in August with 19 Republican votes, would fund a massive upgrade of America's roads, bridges, airports, seaports and rail systems, while also expanding broadband internet service.

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The "Build Back Better" package includes provisions on child care and preschool, eldercare, healthcare, prescription drug pricing and immigration.

It would bolster the credibility of Biden's pledge to halve U.S. greenhouse gas emissions from 2005 levels by 2030 during the U.N. climate conference https://www.reuters.com/business/cop taking place in Glasgow, Scotland.

Republicans uniformly oppose that legislation, casting it as a dramatic expansion of government that would hurt businesses.

"This is potentially a very black day for America," said Republican Representative Glenn Grothman, who characterized the legislation's child-care and preschool provisions as a "Marxist" effort to have the federal government raise children.

The nonpartisan U.S. Joint Committee on Taxation estimates the social-spending bill would raise $1.48 trillion in new tax revenue over the next decade, short of its $1.75 trillion cost.

Pelosi and other top Democrats have said that fails to account for increased tax enforcement and savings from lower prescription drug prices.

Latest comments

The money printing machine was smoking now it's about to throw a rod. Watch Steven cobert Obama interview Nov 30 2020. It sums up exactly what's going at the white house.
Going to be a lot of ignorant remarks from triggered conservatives after this no doubt.
Watch the video . I commented on friend
More ignorant than your comment?
marked had priced in 2.75 trillion dollars. this is very negative news for the market.
come on baby more free money yeah. And Powell still saying inflation is and it will be transitory ****??
Would of been nice to know there was a standoff going on yesterday before market closed. Not even mention of a vote???
The stand off made Dow take dip from ath... guess where we going on Monday
any stocks that profit from this?
Construction and steel stocks and it'll rally every other stock too
Yes all the ones that go up Monday
they debated just like they should have .....if ya want a mob set up ..move to russia
What comes after a trillion??  we might soon learn  #Weimar
More Obummer style “shovel ready” horse manure and Pelosi socialism.. Red states won’t see a dime of it until we take back house, senate and white house. ‘22 ‘24 baby!
Ah yes just like the good ole days of cash for clunkers
good
Steel calls on Monday I guess, probably too late by then though
We are so screwed… and the FED is pooping its pants right now. Recession is imminent without rate hike.
Thanks Burry!
Oh the biggest tax bill finally passed. Very bullish lol
you gave these people more money when are people going to learn in just 2 months out of the covid nonsense we printed more money in 2 months then we have in the last 200 plus years
already priced in on the market
Doesnt the senate need to pass before it becomes official ?
If you read again you'll see it was reported that the Senate already passed it.
when our savior Donald Trump is president, he and his allies must consolidate power if he is to get total control of America, and we must do all we can to locate and report his enemies. only then can we make America great again. washing away liberals, socialists, illegal imagrants, and the homosexual agenda.
Hey Mr. Grand Wizard ? Tell Your Pa To Stop Breeding With 1st Cousins
 You are probably an effete urbanite that wears a mask when driving alone and sits down to pee. Your opinion is as worthless as the America hating foreigner.
 come on man, very few dems still do that!
let's bring back a fabulous liar, a con man working for us, devoted to the glory of the white race, a man who will gut unnecessary laws that gives priveleges to the unwashed minorities and immigrants that are stealing America..BRING BACK OUR HERO THE RIGHTFUL PRESIDENT DONALD TRUMP. support his Republican allies in Congress.
how is the weather in tel aviv today
Mandates destroy the economy
Socialism won again .Democrats
Has been since the fed and Treasury been propping up the markets.
Not surprised about the decidedly liberal spin here, Reuters has been at the forefront of socialism and communism for many years, now they're less afraid to show it
reuters is not center… thats the funniest thing i heard today… i dont have a problem being biased… i just think they should be upfront and honest and say… we are news with a left slant… the way daily wire approaches it
you cant say men anymore… thats sexist… you dont think women can walk? You need to speak more inclusively…
 it’s all social programs.. the fascists have redefined the word infrastructure..
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