House passes $1T bipartisan infrastructure bill that includes transport - CNBC

Key points:

• The House passed a more than $1 trillion bipartisan infrastructure bill, sending it to President Joe Biden for his signature.

• The legislation would put $550 billion in new funding into transportation, broadband and utilities.

• The bill passed after a last-minute scramble to reach a consensus between progressive and centrists on how to pass the infrastructure package and a larger Democratic social spending plan.

The House passed a more than $1 trillion bipartisan infrastructure bill late Friday, sending it to President Joe Biden’s desk in a critical step toward enacting sprawling Democratic economic plans.

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