US Senate infrastructure bill vote expected to drag into Tuesday

After the weekend wrangling on US President Joe Biden’s $1 trillion infrastructure bill, the Senate on Sunday advanced on the details of the largest investment in roads and bridges in decades.

As Democrats and Republicans push it closer to the passage, final votes could drag into early Tuesday as a single GOP senator, Tennessee's Bill Hagerty, refused to relent on the mandatory debate time, per AP News.

The latest update shows that the US Senate takes another step toward passing the bill by voting to waive Budget Act in relation to the bill.

Market reaction

The US dollar index is easing from two-week highs of 92.92, now trading at 92.82, almost unchanged on the day. The dollar holds the higher ground, thanks to the Fed’s hawkish rhetoric, reinforced by the US NFP big beat.