Joe Biden, Congress FINALLY pass $1.2T infrastructure bill – your stocks will fly after this. The massive move by Congress is a much-needed win for the Biden administration and will likely lead to a serious boost on stock market prices.

According to CNN, the infrastructure bill was a long-time coming:

Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden’s domestic agenda after months of internal deliberations and painstaking divisions among Democrats.

The final vote was 228-206. Thirteen Republicans voted with the majority of Democrats in support of the bill, though six Democrats voted against it.
The bill now heads to the President’s desk to be signed into law, following hours of delayes and internal debating among Democrats on Friday, including calls from Biden to persuade skeptical progressive members of the Democratic caucus.
The legislation passed the Senate in August, but was stalled in the House as Democrats tried to negotiate a deal on a separate $1.9 trillion economic package, another key component of Biden’s agenda that many Democrats had tied to the fate of the infrastructure bill.

According to NBC, there was a great deal of Partisan bickering:

The House passed a $555 billion infrastructure bill on Friday night, sending the legislation to President Joe Biden who is expected to quickly sign the measure into law.

The funding package, which passed 228 to 206 and relied on Republican votes to get across the finish line, will ramp up government spending on roads, bridges and airports, as well as funding for public transit, water and broadband.

Six Democrats voted against the measure and 13 Republicans voted in favor. The Democratic opposition was progressive members who were unhappy that the bill was being voted on before passage of a $1.75 trillion social safety net spending bill.

The vote hands Biden a victory on a major bipartisan bill, but one that took months to get through Congress and revealed deep divisions in the Democratic Party. The Senate approved the bill in August before it stalled for months as House progressives clashed with Democratic centrists on a $1.75 trillion social safety net measure that could get a vote later this month.

Earlier on Friday, Biden put new pressure on House Democrats to pass both the infrastructure package and the social policy measure, also known as the Build Back Better bill.

“I’m asking every member of the House of Representatives to vote yes on both these bills right now,” Biden said during remarks from the White House. “Send the infrastructure bill to my desk, send the Build Back Better bill to the Senate. Let’s build on incredible economic progress, build on what we’ve already done because this will be such a boost when it occurs.”

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