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Infrastructure

$1.2 Trillion Infrastructure Bill Means More Demand for Metals And Mining

Frank Holmes | Equities.com |

After much anticipation, the U.S. House approved a bipartisan $1.2 trillion infrastructure spending package last week, sending it to President Joe Biden’s desk to sign. Although no single lawmaker got everything they wanted, I believe this bill is generally constructive news for the metals and mining industry, which will be tasked with supplying the critical minerals necessary to build and improve the nation’s roads, bridges, ports, power grid and so much more.


Senate Passes $1 Trillion Infrastructure Bill With 69-30 Vote

AP News | Equities.com |

With a robust vote after weeks of fits and starts, the Senate approved a $1 trillion bipartisan infrastructure plan on Tuesday, a rare coalition of Democrats and Republicans joining to overcome skeptics and deliver a cornerstone of President Joe Biden’s agenda.

The 69-30 tally provides momentum for this first phase of Biden’s “Build Back Better” priorities, now headed to the House. A sizable number of lawmakers showed they were willing to set aside partisan pressures, eager to send billions to their states for rebuilding roads, broadband internet, water pipes and the public works systems that underpin much of American life.


Senators Hit New Issues in Finishing $1 Trillion Infrastructure Bill

AP News | Equities.com |

Nearing decision time, senators were struggling to wrap up work on the bipartisan infrastructure plan despite hopes to expedite consideration and voting on the nearly $1 trillion proposal.

The package had appeared on track for eventual Senate passage, a rare accord between Republicans and Democrats joining on a shared priority that also is essential to President Joe Biden’s agenda. But senators hit new problems late Thursday as they worked late into the night on amendments. A procedural vote was set for Saturday.


Senate Minority Leader McConnell Says Republicans To Oppose Raising Federal Debt Ceiling

AP News | Equities.com |

Republicans will oppose raising the federal debt limit if Democrats pursue their $3.5 trillion, 10-year plan to strengthen social and environment programs, Senate Minority Leader Mitch McConnell said Thursday.

The Kentucky Republican’s threat was the most explicit he has been about his desire to force Democrats to either take the politically unpopular step of unilaterally renewing the government’s borrowing authority or pare back President Joe Biden’s domestic policy agenda.


President Biden's Infrastructure Bill Still Faces Republican Hurdles

AP News | Equities.com |

For President Joe Biden and the senators laboring over a nearly $1 trillion infrastructure package, there’s just one question left: Can enough Republicans get to yes?

Seventeen GOP senators joined all Democrats in voting this week to start the debate, launching what will be a dayslong process to consider the bill. The 67-32 vote was a surprisingly strong bipartisan showing, a rarity these days in the narrowly split Congress.


White House and Senators Scrambling To Salvage Infrastructure Deal

AP News | Equities.com |

Time running short, senators and the White House are working furiously to salvage a bipartisan infrastructure deal, with pressure intensifying on all sides to wrap up talks on President Joe Biden’s top priority.

Despite weeks of closed-door discussions, several issues are still unresolved over the nearly $1 trillion package. Spending on public transit remains in question and a new dispute flared over the regulation of broadband access. Patience was running thin Tuesday as senators accused one another of shifting the debate and picking fights over issues that had already been resolved.


President Biden Tells Town Hall in Cincinnati That Getting Vaccinated Is 'Gigantically Important'

AP News | Equities.com |

President Joe Biden expressed pointed frustration Wednesday over the slowing COVID-19 vaccination rate in the U.S. and pleaded that it’s “gigantically important” for Americans to step up and get inoculated against the virus as it surges once again.

Biden, speaking at a televised town hall in Cincinnati, said the public health crisis has turned largely into a plight of the unvaccinated as the spread of the delta variant has led to a surge in infections around the country.


Senate Republicans Reject First Vote on Infrastructure Bill

AP News | Equities.com |

Senate Republicans rejected an effort Wednesday to begin debate on the big infrastructure deal that a bipartisan group of senators brokered with President Joe Biden, but pressure was mounting as supporters insisted they just needed more time before another vote possibly next week.

Senate Majority Leader Chuck Schumer, D-N.Y., had scheduled the procedural vote to nudge along negotiations that have dragged for weeks. But Republicans mounted a filibuster, saying the bipartisan group still had a few unresolved issues and needed to review the final details. They sought a delay until Monday.


Republican Lawmakers To Block Vote on Biden's Infrastructure Bill

AP News | Equities.com |

President Joe Biden said his infrastructure and families agenda must be passed to sustain the economic momentum of his first six months in office, aiming to set the tone for a crucial week of congressional negotiations on the two bills.

But a Wednesday deadline set by Senate Majority Leader Chuck Schumer on the bipartisan infrastructure bill was in doubt as Republicans signaled they would block a procedural vote, for now, while details are still being worked out. Senators are wrangling over how to pay for the new spending in the $1 trillion package of highway, water system and other public works projects.


Leading Senate Democrats Agree on $3.5 Trillion for Budget Reconciliation Bill

Reuters | Equities.com |

U.S. President Joe Biden's drive for big new infrastructure investment got a boost on Tuesday when leading Senate Democrats agreed on a $3.5 trillion investment plan they aim to include in a budget resolution to be debated soon, Senate Majority Leader Chuck Schumer said.

"We have come to an agreement," Schumer told reporters after more than two hours of closed-door talks that included Senate Budget Committee Democrats and White House officials. Republicans have not been part of these negotiations.


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