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Senate Democrats announce $3.5 trillion budget agreement

Congress, capitol building
Posted at 10:19 PM, Jul 13, 2021
and last updated 2021-07-13 22:19:45-04

WASHINGTON (AP) — Senate Democrats say that they have reached a budget agreement among themselves that envisions spending an enormous $3.5 trillion over the coming decade.

The fiscal plan would pave the way for Democrats’ drive to direct a huge pool of federal resources at climate change, health care and family-service programs sought by President Joe Biden.

Senate Majority Leader Chuck Schumer announced the accord flanked by all 11 Democrats on the chamber’s budget committee after a two-hour evening meeting that capped weeks of bargaining among party leaders, progressives and moderates.