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US House passes historic bipartisan infrastructure bill-President Biden wins-Bloomberg

At the plenary session on the night of the 5th, the US House of Representatives passed a large-scale infrastructure comprehensive bill for the first time in decades with 228 in favor and 206 in opposition.In the Senate in August with the approval of some Republicans in addition to DemocratsIt is a settlement-only item that will be sent to President Biden for signature.

Thirteen Republican lawmakers agreed with the House of Commons vote, with $ 550 billion invested in roads, bridges, and public transport, while the Democratic Party made six rebellions. The passage of the bill, which had been delayed for several months due to the confrontation between the Democratic Progressives and the Moderates, represents a victory for the president, who was also suffering from a decline in approval ratings.

Speaker of the House Pelosi (November 5) at a press conference at the Capitol

Source: Bloomberg

However, President Biden and Speaker of the House Pelosi did not pass the tax and spending bill of more than $ 1.75 trillion, which is another pillar of the administration’s priority economic measures. Instead, the House of Representatives approved a procedural step to pass the bill after the Congressional Budget Office (CBO) cost analysis was also shown after the recess next week.

These steps are a brink compromise to a small group of Democratic moderates who would not vote in favor of the tax and spending bill without CBO analysis, and progressives are on the infrastructure bill prior to passing the bill. I compromised by accepting the approval of.

President Biden called a Democratic member of the House of Representatives to urge him to pass the bill at night, as the bill was in jeopardy during the 5th, and he had canceled plans to leave the White House for his home in Delaware.

Major projects for infrastructure planning
  • New projects such as roads and bridges: Approximately $ 110 billion
  • Power grid refurbishment: $ 73 billion
  • Railroad and National Railroad Passenger Corporation (Amtrak) Improvements: $ 66 billion
  • Broadband penetration: $ 65 billion
  • Drinking water quality improvement: $ 55 billion
  • Transportation: $ 39 billion

Original title:House Passes Historic Infrastructure Bill in Win for Biden (2)(抜粋)

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