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$1.2 trillion "hard" infrastructure bill clears major procedural vote in the Senate

The Senate voted 67-32 on Wednesday to advance the bipartisan $1.2 trillion infrastructure bill.

Why it matters: After weeks of negotiating, portions of the bill remain unwritten, but the Senate can now start debating the legislation to resolve outstanding issues.

  • It was the second time the chamber voted to invoke cloture on the legislation after the first vote failed last week.

Details: The deal is expected to cost $1.2 trillion over eight years, and offers more than $550 billion in new spending, including...

  • $110 billion in new funds for roads, bridges, and major projects, $40 billion of which is new funding for bridge repair, replacement, and rehabilitation and $17.5 billion for major projects;
  • $73 billion for the country's electric grid and power structures;
  • $65 billion will be allocated for broadband;
  • $55 billion for clean drinking water;
  • $50 billion for flooding and coastal resiliency.

The big picture: The vote came after Sen. Rob Portman (R-Ohio), the lead GOP negotiator, announced that the bipartisan group had an "agreement on the major issues."

  • Senate Majority Leader Chuck Schumer (D-N.Y.) has said that he is considering keeping the Senate in session over the weekend to complete the bipartisan bill.

Go deeper: Bipartisan group reaches agreement on $1.2 trillion "hard" infrastructure bill

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