The US House of Representatives passed a bipartisan infrastructure bill late Friday, circa US$550bn.
- The Senate approved the bill rebooting transportation, utilities & broadband in August.
- US President Biden is expected to sign in days. Biden is scheduled to speak Saturday morning (US time).
A second bill (circa $1.75tln) re tax and spending was not voted on yet. Next week the House is on a break so there is least a week’s wait for this. A ‘procedural’ vote passed to tee up voting when the Reps. return from their break. The Congressional Budget Office will spend the week in preparations.
This article was originally published by Forexlive.com. Read the original article here.