AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)

WASHINGTON: The US Senate voted to advance a $1 trillion infrastructure package on Saturday, an important procedural step forward after months of negotiations between President Joe Biden and a bipartisan group of senators.

In a 67-27 vote demonstrating broad support, senators agreed to limit debate on the legislation, which represents the biggest investment in decades in America’s roads, bridges, airports and waterways.

Eighteen of the Senate’s 50 Republicans voted to move forward on the legislation, with Senators John Cornyn and Deb Fischer backing the package for the first time.

But the timing for passage remained unclear, as lawmakers prepared for expected votes on amendments and worked behind closed doors to reach an agreement that would allow the Senate to complete its work on the legislation quickly.

“We can get this done the easy way or the hard way. In either case, the Senate will stay in session until we finish our work,” Majority Leader Chuck Schumer said in a floor speech before the vote. “It’s up to my Republican colleagues how long it takes.”

Passage would be a major victory for Schumer, Biden and the bipartisan group of senators who spent months crafting the package, and would send the bill on to the US House of Representatives.

Biden tweeted his support ahead of the vote, saying the “once-in-a-generation investment in our nation’s infrastructure” would create good-paying jobs refurbishing America’s roads, bridges, water systems and electrical grid.

“We can’t afford not to do it,” the president said. “We can’t just build back to the way things were before COVID-19, we have to build back better.”

The chamber’s top Republican, Mitch McConnell, also signaled his support for the bill before voting for it.

“Republicans and Democrats have radically different visions these days, but both those visions include physical infrastructure that works for all of our citizens,” McConnell said in a speech. “The investments this bill will make are not just necessary, in many cases, they are overdue. Our country has real needs in this area.”

MORE AMENDMENTS

Lawmakers have been unable to reach agreement on a final batch of amendments that could speed up consideration, leaving the Senate to consider amendments on a piecemeal basis under rules that require legislation to move forward in stages through a series of procedural votes.

With the consent of all 100 senators, the chamber could move through amendments to passage later on Saturday. But without such an agreement, passage could take until Monday or Tuesday.

Asked how long the process could take, Senator John Thune, the chamber’s No. 2 Republican, told reporters: “Depends how long we spend staring at each other.”

Republican Senator Bill Hagerty, who was former President Donald Trump’s ambassador to Japan before replacing former Senator Lamar Alexander, also balked after the nonpartisan Congressional Budget Office said on Thursday that the legislation would increase federal budget deficits by $256 billion over 10 years. He voted against the measure on Saturday.

The CBO analysis did not include $57 billion in added revenue that senators estimate Washington would collect over the long term from the economic growth benefits of infrastructure projects. It also did not count $53 billion in unused federal supplemental unemployment funds to be returned from states.

Comments

Comments are closed.