Senate Reaches Tentative Deal on $550 Billion Infrastructure Package

Bloomberg Quicktake: Now published this video item, entitled “Senate Reaches Tentative Deal on $550 Billion Infrastructure Package” – below is their description.

Senate Republicans reached a deal with Democrats on Wednesday over major outstanding issues in a $1 trillion infrastructure bill and said they are ready to vote to take up the bill. An evening test vote was possible.

Lead GOP negotiator Sen. Rob Portman of Ohio made the announcement at the Capitol, flanked by four other GOP senators who have been in talks with Democrats and the White House on the bipartisan package.

“We now have an agreement on the major issues,” Portman said. “We are prepared to move forward.”

The outcome will set the stage for the next debate over Biden’s much more ambitious $3.5 trillion spending package, a strictly partisan pursuit of far-reaching programs and services including child care, tax breaks and health care that touch almost every corner of American life, and that Republicans vowed to oppose.

Senate Majority Leader Chuck Schumer opened the Senate on Wednesday announcing a possible test vote on the bipartisan package later in the evening. It will require 60 votes in the evenly split 50-50 Senate to proceed to consideration of the legislation, meaning support from both parties. That would launch a potentially days-long process to consider the bill, and any possible amendments.

Before the announcement, the Republican senators met Wednesday morning with Senate Republican Leader Mitch McConnell, who appears to have given his nod to proceed to consider the emerging legislation.

Standing outside McConnell’s office to announce the agreement, Portman said McConnell “all along has been encouraging our efforts.”

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