- July 14, 2021
- Posted by: Stratford Team
- Category: Economy
Senate faces ‘hell of a fight’ amid doubts over infrastructure investments
The US Senate returned on Monday to one of its most ambitious agendas in years, with Democratic President Joe Biden seeking trillions of dollars in infrastructure spending and Republicans promising “a hell of a fight” against tax hikes to pay for it.
Senate Majority Leader Chuck Schumer opened the Senate following a two-week July Fourth recess, saying progress was being made on both a bipartisan $1.2 trillion infrastructure plan and the first step toward another measure that would pass with only Democratic votes.
But given the 50-50 split in the Senate, it was uncertain whether the Democratic leader could fulfill his goal of passing both measures through the chamber by sometime in August.
“If and when we succeed, the benefits will reverberate across the country for generations to come,” Schumer said.
Work continued on the bipartisan part of the package, which Biden has touted to…