Senators reach apparent deal on infrastructure package - Entrepreneur Generations

"Senate Democrats and Republicans on Wednesday appeared to clinch a deal that would invest roughly $1 trillion into the nation’s infrastructure," reports Tony Romm of The Washington Post. "The political breakthrough appeared to put the Senate on track to hold a key procedural vote Wednesday that would allow the chamber to begin debating the infrastructure measure. Senate Majority Leader Charles E. Schumer (D-N.Y.) has said he hopes to pass the package before the August recess."

The apparent breakthrough was "announced separately by two of its lead negotiators, Sens. Rob Portman (R-Ohio) and Kyrsten Sinema (D-Ariz.)," Romm reports. "It came just days after talks appeared to have run aground. Lawmakers found themselves at a stalemate over how to spend money to improve the nation’s railways, water pipes and Internet connections, as well as the exact means by which to pay for it. The disagreements ultimately scuttled an attempt last week to open debate on the infrastructure proposal, which Republicans blocked unanimously since the proposal hadn’t yet been finished."

But even if the agreement proceeds, it is only the beginning of a battle "over a massive measure that would touch nearly every part of the economy," Romm writes. "To shepherd it through the Senate, Democratic leaders must ensure the measure remains attractive to those in their own party as well as Republicans, without whom they do not have the 60 votes to overcome a filibuster."

Also, the plan "is only one component of Biden’s broader economic agenda, and Democrats plan to try to move a second, roughly $3.5 trillion package essentially in tandem," Romm notes. "Party lawmakers plan to rely on a legislative maneuver known as reconciliation to adopt it using 51 votes, rather than the typical 60, allowing Democrats to bypass what is likely to be overwhelming GOP opposition to the budget deal."

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