Biden-backed Infrastructure bill of $1 Trillion nears its passage at the US Senate.

 A substantial section of Senate Republicans cleared several procedural votes on the weekend and was set for final passage through the Senate by midweek.

A bill to limit debate passed the Senate by 67-27 on Saturday, a second such vote passed Sunday by 68-29, and a vote to waive budget rules passed by 64-33 on Sunday evening.

The legislation would provide about $1 trillion to repair crumbling roads and bridges and shore up other critical pieces of economic infrastructure, including the electrical grid, water system, and internet connections.

Barely half the funds provided in the bill represents new money—about $550 billion in all—while the remainder represents a reallocation of funds already appropriated by Congress, either in the $1.9 trillion American Rescue Plan enacted in March, or the series of bailouts and emergency measures passed last year under the Trump administration.

Another $50 billion is to come from recouping “fraudulent” unemployment compensation payments in 2020 and this year under the various federal supplemental programs

The bill avoids an increase in taxes from wealthy business owners.