Senator Bill Cassidy, a Republican from Louisiana, before the Senate's second procedural vote on the ... [+] $550 billion bipartisan infrastructure bill. © 2021 Bloomberg Finance LPKey FactsOver the next 10 years, enacting the Infrastructure Investment and Jobs Act would increase the government's net spending by $315 billion while increasing revenues by only $50 billion, CBO projected Thursday. What To Watch ForA vote to finalize the infrastructure bill in the Senate is expected by Saturday, Majority Leader Chuck Schumer (D-N.Y.) said Thursday. That's how much CBO projects the nation's debt will swell to by the end of this year—before adjusting for fiscal stimulus. Further ReadingUS Budget Deficit Hits $1 Trillion With More Massive Stimulus Set To Hike Up Spending (Forbes)New Bridges, Roads, Internet And More: Here's What Made It Into The $1 Trillion Infrastructure Bill Backed By The Senate (Forbes)

Source: Forbes August 05, 2021 21:07 UTC