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U.S. Senate Budget panel Democrats reach agreement on $3.5 trillion infrastructure plan

Published 07/13/2021, 09:32 PM
Updated 07/13/2021, 09:40 PM
© Reuters. U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the weekly Senate lunch at the U.S. Capitol in Washington, U.S., July 13, 2021. REUTERS/Elizabeth Frantz

© Reuters. U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the weekly Senate lunch at the U.S. Capitol in Washington, U.S., July 13, 2021. REUTERS/Elizabeth Frantz

WASHINGTON (Reuters) - Democrats on the U.S. Senate Budget Committee reached an agreement on a $3.5 trillion infrastructure investment plan that they aim to include in a budget resolution to be debated later this summer, Senate Majority Leader Chuck Schumer announced late on Tuesday.

© Reuters. U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the weekly Senate lunch at the U.S. Capitol in Washington, U.S., July 13, 2021. REUTERS/Elizabeth Frantz

"We have come to an agreement," Schumer told reporters after more than two hours of closed-door talks by committee Democrats and White House officials.

"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for," Schumer said.

Latest comments

Bankrupting the US. Yes, creating more debt to the point of infrastructure economic collapse. It is like attending a recovering alchoolic's birthday party and arriving with a box full of whiskey bottles. Inflation will be a nice tsunami to ride in the near future.
keep spending to pump the economy
Now they have to convince the mega wealthy to pay for it, Good Luck.
no they don't, average people will pay for it through inflation as always. Try to keep up!
I literally live in Chicago lol. You misunderstand me, and I misunderstood you. I mean that the mega wealthy never have, and never will pay for government spending. Unfortunately, average people will end up footing the bill with their ever decreasing wealth just like it has been for a century. What makes you think this will change?
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