Senate Majority Leader Chuck Schumer (D-N.Y.) speaks as Sen. Debbie Stabenow (D-Mich.) listens ... [+] during a news briefing after a Senate Democratic Policy Luncheon at the U.S. Capitol on Tuesday. Getty ImagesKey FactsSchumer unveiled the deal at a late-night meeting with reporters, flanked by Democratic members of the Senate Budget Committee including Chair Bernie Sanders (I-Vt.). The $3.5 trillion deal is separate from a $953 billion bipartisan deal struck last month, which primarily focuses on core infrastructure projects like roads, bridges and airports. This process will still require all 50 Senate Democrats to sign on, including more moderate members like Sens. In parallel, the White House is also pursuing a smaller infrastructure deal inked by Senate Democrats and Republicans.

Source: Forbes July 14, 2021 02:47 UTC