A bipartisan infrastructure package is poised to be passed by the Senate next week. The $550 billion plan, far below what President Joe Biden initially pushed for, is still a work-in-progress, with the final text not yet complete. It aims to provide billions in funding for physical infrastructure, as well as gather revenue from higher customs fees and stricter cryptocurrency transaction reporting requirements.
Some progressives are unsatisfied with the plan, favoring higher spending on a broader array of projects. Another massive $3.5 trillion spending package, covering issues ranging from climate change, immigration, taxes, and social spending, remains a priority for most Democrats, though some moderates, like Sen. Kyrsten Sinema (D-AZ), have criticized that plan's high price tag.
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