Wednesday, July 14, 2021

Chuck Schumer and Bernie Sanders reach $3.5T infrastructure bill deal and greenlight reconciliation to bypass GOP filibuster despite fears it will fuel rampant inflation

Senate Democrats announced Tuesday that they have reached a budget agreement among themselves that envisions spending an enormous $3.5trillion over the coming decade.

Democrats will seek to bypass a Republican filibuster by winning passage through budget reconciliation.

Senate Majority Leader Chuck Schumer, a Democrat from New York, announced the accord flanked by all 11 Democrats on the chamber's budget committee after a two-hour evening meeting that capped weeks of bargaining among party leaders, progressives and moderates.

If congressional Democrats rally behind the proposal and turn it into a budget resolution they can push through Congress in coming weeks, it would help them enact a subsequent, sweeping bill that would actually fund their priorities.

Schumer convened Democrats on the Budget Committee with White House officials to negotiate a topline framework for Biden's more expansive proposal.

The broader Democratic framework being compiled by independent Sen. Bernie Sanders and senators on the Senate Budget Committee he chairs is gaining momentum.

Under budget rules, Democrats could pass the proposal on their own in the evenly split Senate, without the 60 votes typically required.

https://www.dailymail.co.uk/news/article-9784839/Bipartisan-infrastructure-deal-stalls-bigger-plan-gains.html 

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