The Senate voted in favor of advancing the bipartisan infrastructure package deal, seen as a political victory for President Joe Biden's Build Back Better Agenda.
The nearly $1 trillion Infrastructure Bill was passed Wednesday by a 67-32 vote, winning the support of 17 Republican Senators, setting the stage for a debate in the upper chamber.
"We are proud to announce we have reached a bipartisan agreement on our proposal to make the strongest investment in America's critical infrastructure in a generation," said a bipartisan statement. "Our plan will create good-paying jobs in communities across our country without raising taxes," said 21 senators from both parties.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.