US Senate Passes $3.5T Budget Plan

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11 August 2021

Senators voted 50-49 along party lines to support a $3.5 trillion blueprint for President Joe Biden’s agenda.

  • The bill paves the way of expansion of federal involvement in reducing poverty, protecting the environment and improving care for the elderly, Bloomberg reported.
  • Bitcoin barely reacted to the vote, holding above $46,000.
  • The bill follows the more fractious $1 trillion infrastructure bill that passed Tuesday and included contentious tax-reporting provisions on the crypto community.
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