U.S. politics and policy updates
Sign up for myFT Daily Digest and become the first person to learn about U.S. politics and policy news.
The U.S. House of Representatives approved the framework of Joe Biden’s $3.5 trillion domestic spending plan after the Democrats reached an agreement a few days later to advance the plan. Tense meeting In the presidential party.
The vote of 220 to 212 on the so-called budget resolution marked a crucial step towards the formulation of the presidential bill. Economic agenda, Which requires large-scale investment in the US social safety net, including education, childcare, and green energy.
The framework will allow legislators in the House of Representatives to work on a more detailed version of the legislation later this year.
A group of moderate Democrats led by Josh Gottheimer from New Jersey threatened to shelve the plan, but there was no clear guarantee that a separate $1 trillion bipartisan infrastructure would be quickly approved plan.
After several days of negotiations with Speaker of the House of Representatives Nancy Pelosi, an agreement was reached to allow the $3.5 trillion expenditure plan to be advanced now, and the infrastructure bill will be reviewed at the end of September.
The House of Representatives passed a $3.5 trillion budget framework, which is a new milestone in the slow but steady progress of Biden’s ambitious first-term economic agenda. In March of this year, he signed a $1.9 trillion stimulus plan, which included direct payments to millions of families, as well as expanded unemployment benefits and assistance to state and local governments.
Biden also vowed to use trillions of dollars worth of investments to transform the economy more broadly to correct long-standing structural flaws and make the pandemic’s recovery more balanced.
Although some Republicans supported Biden’s $1 trillion plan to invest in physical infrastructure such as roads and bridges, they opposed his other economic agenda, allowing the Democrats to pass with their extremely weak majority in Congress. A package of 3.5 trillion dollars.
This actually gave the Democratic parties the right to veto the plan, leading to more and more disputes within the party over the legislation that party leaders and White House officials have been trying to patch.
Biden welcomed the vote in the House of Representatives in a speech on the Afghanistan crisis on Tuesday afternoon. He stated that legislators have “taken an important step towards making historic investments” that “will transform the United States, cut taxes for working families, and prepare the U.S. economy for long-term, long-term growth.”