US House set to debate US$1t infrastructure bill Monday
[WASHINGTON] House Democratic leaders said on Friday they intended to forge ahead next week with US President Joe Biden's US$3.5 trillion social agenda as well as a US$1 trillion bipartisan infrastructure bill.
But with Democrats continuing to squabble over details of the social spending, it was unclear when votes would actually occur.
House Speaker Nancy Pelosi wrote a letter to fellow Democrats vowing to "move forward to pass two jobs bills next week".
"The bill will come up on Monday," Ms Pelosi told reporters, referring to the smaller of the two measures that would help spark road, bridge, airport, school and other construction projects. The Senate passed that bill with bipartisan support on Aug 10.
Far more complex is Democrats' drive for US$3.5 trillion for expanding healthcare for children and the elderly and for investing in steps to drastically reduce carbon dioxide and other emissions blamed for climate change.
Asked about the timing for that legislation on the House floor, Ms Pelosi told reporters, "Have a little patience. Follow it, see it unfold. It's interesting. We're very encouraged."
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
A large group of progressive lawmakers insist that the US$1 trillion infrastructure bill be held back until the US$3.5 trillion was ready. Moderates want the US$1 trillion bill enacted no matter the progress on the larger measure.
The moderates extracted a promise from Ms Pelosi for a House vote on it by Sept 27.
Meanwhile, lawmakers were expected to spend the weekend working out thorny matters, including possibly bringing down the US$3.5 trillion price tag, setting specific tax increases to fully offset the cost and settling a dispute over lower prescription drug prices.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs