Placeholder Image

Subtitles section Play video

  • The US Senate's passage of $2 trillion in economic aid offers hope for new roads and bridges.

  • The slim Democratic majority used a parliamentary trip to bypass Republicans, which they can also apply to President Joe Biden's next pricier priority.

  • Infrastructure companies may be on the hook to pay some of that bill.

  • Biden is on the cusp of his first major legislative victory.

  • The plan passed on Saturday as $300 a week to unemployment benefits.

  • The House will consider the bill this week.

  • Republicans balked at the size of the aid package so Democrats turn to budget reconciliation that's reserved for issues that affect federal debt and spending and requires a simple majority approval in the 100 member chamber rather than the usual filibuster proof number of 60 votes.

  • It could also be used to pass up to $4 trillion in infrastructure spending.

  • Bumping the corporate tax rate to 25% or higher could help pay for it.

  • Those kinds of measures are needed to meet reconciliation rules.

  • One restriction prohibits legislation that would increase the deficit beyond a 10 year budget window.

  • Some moderate Democrats still want Republicans involved in infrastructure, but getting 10 GOP members on board to overcome the filibuster threat would be a big challenge that makes reconciliation a more realistic crowd, Yeah.

The US Senate's passage of $2 trillion in economic aid offers hope for new roads and bridges.

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 reconciliation infrastructure aid budget majority spending

Breakingviews TV: Road map

  • 0 0
    林宜悉 posted on 2021/03/11
Video vocabulary