Senate Democrats announce $3.5 trillion budget agreement
WASHINGTON (AP) â Senate Democrats announced Tuesday that they have reached a budget agreement among themselves that envisions spending an enormous $3.5 trillion over the coming decade. The fiscal plan would pave the way for Democrats drive to direct a huge pool of federal resources at climate change, health care and family-service programs sought by President Joe Biden.
Senate Majority Leader Chuck Schumer, D-N.Y., announced the accord flanked by all 11 Democrats on the chamberâs budget committee after a two-hour evening meeting that capped weeks of bargaining among party leaders, progressives and moderates.
The agreement is a major step in Democrats drive to turn Biden s effort to bolster an economy that was ravaged by the pandemic and set it on a course for long-term growth. Separately, bipartisan senators have been working toward another measure that would spend around $1 trillion on roads, water systems and
AP News in Brief at 12:03 a.m. EDT
by The Associated Press
Last Updated Jul 14, 2021 at 12:14 am EDT
Senate Democrats reach $3.5 trillion budget agreement
WASHINGTON (AP) Senate Democrats announced late Tuesday that they’d reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and family-service programs sought by President Joe Biden.
The accord marks a major step in the party’s push to meet Biden’s goal of bolstering an economy that was ravaged by the pandemic and setting it on course for long-term growth and includes a Medicare expansion of vision, hearing and dental benefits for older Americans, a goal of progressives.
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