Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > U.S. Senate pushes ahead with $1 trillion bipartisan infrastructure bill
    Top Stories

    U.S. Senate pushes ahead with $1 trillion bipartisan infrastructure bill

    U.S. Senate pushes ahead with $1 trillion bipartisan infrastructure bill

    Published by Jessica Weisman-Pitts

    Posted on August 2, 2021

    Featured image for article about Top Stories

    By Richard Cowan and David Morgan

    WASHINGTON (Reuters) -The U.S. Senate will try to complete work this week on a $1 trillion infrastructure investment bill that would bring long-awaited improvements to roads, bridges and mass-transit systems and deliver a rare bipartisan victory to President Joe Biden.

    Following long sessions on Saturday and Sunday, Senate negotiators announced they had finished drafting a 2,702-page bill, which promptly was introduced, clearing the way for senators to debate amendments.

    “It has been decades – decades – since Congress passed such a significant, stand-alone investment,” a buoyant Senate Majority Leader Chuck Schumer said on the Senate floor.

    “In the end, the bipartisan group of senators have produced a bill that will dedicate substantial resources to repair, maintain, and upgrade our nation’s physical infrastructure,” the Democratic leader added.

    The legislation, if enacted, would be the largest U.S. infrastructure investment in decades. Its passage would mark a major win for Biden, a Democrat, and the deeply divided Congress. It would come on the heels of a $1.9 trillion economic stimulus and coronavirus aid bill that was enacted earlier this year without Republican support.

    It also would clear the way for Democrats, acting without Republican support, to begin work on a budget framework that would sketch out plans for a $3.5 trillion “human infrastructure” bill.

    That bill would shovel federal dollars toward fighting climate change, help millions of immigrants gain legal protections and fund an expansion of health care, including for senior citizens in need of assistance at home.

    The Senate first needs to put the finishing touches on the infrastructure bill, which aims to upgrade the nation’s aging roads, bridges and rail lines and expand high-speed internet access to rural areas where economies have been hobbled by old technology.

    The legislation also would help build a national network of electric vehicle charging stations and replace lead water pipes, although at levels lower than Biden had originally sought.

    In a rare sign of bipartisanship last week, the initiative won early support from enough Republicans to begin debate on the bill. Barring surprise developments, the bill could be ready for a final vote as early as this week, according to some senators.

    On Monday, three Republican senators – John Cornyn, Rick Scott and Martha Blackburn – criticized the infrastructure bill, saying they had inadequate time to consider it and taking issue with one of the ways it would be financed.

    “The Democrats are rushing an infrastructure bill that no one has had a chance to read,” Blackburn said in a post on Twitter.

    None of those three Republican senators had backed the bill in earlier procedural votes.

    (Reporting by David Morgan and Richard Cowan; additional reporting by Makini Brice; Editing by Robert Birsel and Paul Simao)

    By Richard Cowan and David Morgan

    WASHINGTON (Reuters) -The U.S. Senate will try to complete work this week on a $1 trillion infrastructure investment bill that would bring long-awaited improvements to roads, bridges and mass-transit systems and deliver a rare bipartisan victory to President Joe Biden.

    Following long sessions on Saturday and Sunday, Senate negotiators announced they had finished drafting a 2,702-page bill, which promptly was introduced, clearing the way for senators to debate amendments.

    “It has been decades – decades – since Congress passed such a significant, stand-alone investment,” a buoyant Senate Majority Leader Chuck Schumer said on the Senate floor.

    “In the end, the bipartisan group of senators have produced a bill that will dedicate substantial resources to repair, maintain, and upgrade our nation’s physical infrastructure,” the Democratic leader added.

    The legislation, if enacted, would be the largest U.S. infrastructure investment in decades. Its passage would mark a major win for Biden, a Democrat, and the deeply divided Congress. It would come on the heels of a $1.9 trillion economic stimulus and coronavirus aid bill that was enacted earlier this year without Republican support.

    It also would clear the way for Democrats, acting without Republican support, to begin work on a budget framework that would sketch out plans for a $3.5 trillion “human infrastructure” bill.

    That bill would shovel federal dollars toward fighting climate change, help millions of immigrants gain legal protections and fund an expansion of health care, including for senior citizens in need of assistance at home.

    The Senate first needs to put the finishing touches on the infrastructure bill, which aims to upgrade the nation’s aging roads, bridges and rail lines and expand high-speed internet access to rural areas where economies have been hobbled by old technology.

    The legislation also would help build a national network of electric vehicle charging stations and replace lead water pipes, although at levels lower than Biden had originally sought.

    In a rare sign of bipartisanship last week, the initiative won early support from enough Republicans to begin debate on the bill. Barring surprise developments, the bill could be ready for a final vote as early as this week, according to some senators.

    On Monday, three Republican senators – John Cornyn, Rick Scott and Martha Blackburn – criticized the infrastructure bill, saying they had inadequate time to consider it and taking issue with one of the ways it would be financed.

    “The Democrats are rushing an infrastructure bill that no one has had a chance to read,” Blackburn said in a post on Twitter.

    None of those three Republican senators had backed the bill in earlier procedural votes.

    (Reporting by David Morgan and Richard Cowan; additional reporting by Makini Brice; Editing by Robert Birsel and Paul Simao)

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts
    Previous Top Stories PostGreen Procurement
    Next Top Stories PostDelta spreads ‘like wildfire’ as doctors study whether it makes patients sicker