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US Senate Passes $3.5T Budget Plan

Senators voted along party lines to support a blueprint for President Joe Biden's agenda.

Aug 11, 2021 at 8:41 a.m. UTC
Updated Sep 14, 2021 at 1:38 p.m. UTC

The U.S. Senate voted 50-49 along party lines early Wednesday to support a $3.5 trillion blueprint for President Joe Biden's agenda.

  • The bill paves the way to expand government's role in trying to reduce poverty, protect the environment and improve care for the elderly, Bloomberg reported.
  • Bitcoin barely reacted to the vote, holding above $46,000.
  • The bill follows a $1 trillion infrastructure bill that the U.S.. Senate passed Tuesday and that included contentious crypto tax-reporting provisions.

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