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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.
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.
STORY CONTINUES BELOW
- 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.
Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
