Treasury Secretary Janet Yellen urged Congress on Monday to raise the debt ceiling through “regular order,” as Senate Democrats get ready to pass the $1.2 trillion bipartisan infrastructure bill this week and introduce their $3.5 trillion spending package but neither bill addresses increasing the debt ceiling. The debt suspension expired at the end of July…
Treasury Secretary Urges Congress to Raise Debt Ceiling Through ‘Regular Order’
Senate Advances to Wrap Up $1 Trillion Bipartisan Infrastructure Bill
The Senate agreed to wrap up the $1 trillion bipartisan infrastructure bill through a test vote. In the 67–27 vote, 18 Republicans joined with Democrats to support moving forward on the legislation, clearing a key procedural hurdle. More votes, mostly on amendments, are needed before the Senate can pass the bill. It’s unclear when the…
Bipartisan Infrastructure Bill to Give ‘No Significant’ Boost to Economy: Wharton Study
August 6, 2021
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Bipartisan infrastructure billBusiness & Economycongresseconomic growthEconomieseconomyGDPPoliticsUSUS News
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An expert analysis shows that the $1 trillion bipartisan infrastructure bill now winding its way through the Senate would have “no significant effect” on economic growth, delivering a counterpoint of sorts to the White House view that the deal “will generate significant economic benefits.” The University of Pennsylvania’s Penn-Wharton Budget Model (PWBM), released Aug. 5,…
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficits: CBO Score
The Congressional Budget Office (CBO) has released its much-anticipated score for the bipartisan infrastructure plan now under consideration in the Senate, estimating the package would add $256 billion in deficits over ten years, countering negotiators’ claim it would be fully paid for. “The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137…
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficits: CBO
The Congressional Budget Office (CBO) has released its much-anticipated score for the bipartisan infrastructure plan now under consideration in the Senate, estimating the package would add $256 billion in deficits over ten years, countering negotiators’ claim it would be fully paid for. “The Congressional Budget Office estimates that over the 2021-2031 period, enacting Senate Amendment 2137…
Senate Democrats Aim to Finish Debate on the $1 Trillion, 2,700-Page Infrastructure Bill This Weekend
This week, Senators are debating the over 2,700-page, $1 trillion bipartisan infrastructure bill, with Democrats targeting this weekend to finalize the package. The Democrat leader said he is looking at holding a key vote to end the debate quickly, at which time the bill would need 60 votes to move forward. It will be up…
Some Democrats Signal Opposition to the Bipartisan Infrastructure Package
July 22, 2021
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Bipartisan infrastructure billcongressDemocratsgreen infrastructurePolicyPoliticsRep. Peter DeFazioRepublicansUSUS News
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Some progressive House Democrats and 30 members of the Transportation and Infrastructure Committee are indicating opposition to the Senate’s negotiations of the $1.2 trillion bipartisan infrastructure package. Chair of the House Committee on Transportation and Infrastructure Peter DeFazio (D-Ore.) and 30 Democratic members of the committee sent a letter to House Speaker Nancy Pelosi (D-Calif.)…
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