US Senate Passes $3.5 Trillion Infrastructure Budget Resolution

[Asia Economy Reporter Jeon Jin-young] The U.S. Senate passed a budget resolution worth $3.5 trillion (approximately 4049.5 trillion KRW) on the 11th (local time) aimed at addressing climate change and strengthening the social safety net.

Local media reported that all 49 Republican senators who participated in the vote opposed the resolution, but it passed with all 50 Democratic senators voting in favor.

President Joe Biden had requested a $4 trillion infrastructure budget from Congress. The day before, bipartisan senators in the Senate secured $1 trillion of that amount and brought the budget to a vote, passing it with 69 votes in favor and 30 against.

Foreign media evaluated that, given the Senate is split evenly with 50 seats each for Democrats and Republicans, securing Republican support through negotiation was a valuable victory for President Biden. However, Biden and the Democrats maintained their position that the remaining $3.5 trillion, which was not passed at that time, would be processed without Republican cooperation.

The House vote is expected to take place after the fourth week of this month, when Democratic House Majority Leader Steny Hoyer returns from summer recess.

This content was produced with the assistance of AI translation services.