(CNN) The Democrats on the Senate Budget Committee announced Tuesday that they have agreed on a top-line number of $3.5 trillion to spend in a wide-ranging package that will serve as the resolution framework to begin the budget reconciliation process.
Senate Majority Leader Chuck Schumer announced the agreement after emerging from a late-night meeting at the US Capitol, flanked by Budget Chairman Bernie Sanders of Vermont and others on the committee.
"The budget resolution with instructions will be $3.5 trillion. You add that to the $600 billion bipartisan plan, you get to $4.1 (trillion), which is very, very close to what President (Joe) Biden asked us for," Schumer said. "Every major program that President Biden has asked us for is funded in a robust way."
Schumer told reporters that the legislation will eventually have the 50 votes it needs to pass the Senate.
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