The US Senate passed a $3.5 trillion budget proposal this morning after a 50:49 party vote. A day earlier, a bipartisan $1.2 trillion infrastructure spending package was adopted. The adoption of the draft was the first victory for Democrats in the difficult process of introducing a broad package of measures in the fields of education, health, climate and other regulations without the support of the Republican Party. President Joe Biden's administration and Democrats in Congress are aiming to implement as much of their legislative agenda as possible this year, ahead of next year's midterm elections. However, many disagree with the adoption of the budget plan. For example, Senate Republican Minority Leader Mitch McConnell criticized the project, stressing that it was «full of reckless taxes and expenses.» It is worth noting that the Democrats have only a slight edge in both chambers, and the plan's supporters will face difficult negotiations in the process of turning the bill into law.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
