Senate Democrats and White House officials have agreed on a $3.5-trillion investment plan which is set to be debated upon by lawmakers soon, Bloomberg reported.
- Senate Democrats said the agreement grants higher coverage on healthcare for the elderly such as dental, hearing, and vision, and contains funding provisions but further details were not immediately available.
- Senate Majority Leader Chuck Schumer said the agreement is on top of the $1.2-billion bipartisan infrastructure plan which covers traditional infrastructure. This would bring the two to $4.1 trillion or close to President Joe Biden’s vision.
- Democrats eye a two-phased approach for the spending program, with the $1.2-trillion bipartisan bill targeted to be approved before August recess, along with a resolution that would lay out the framework for the $3.5 trillion in the fall.
A national opinion poll found that most adults support a government spending plan on infrastructure. PAVE is up 0.39% premarket.