06/24/2021

'We Have a Deal:' Biden Approves $1.2 Trillion Infrastructure Plan

The deal is much smaller than the $6 trillion plan originally sought

President Joe Biden on Thursday embraced a $1.2 trillion bipartisan Senate deal to renew the nation's roads, bridges and highways and help stimulate the economy -- a major breakthrough on one of his key domestic policy goals.

"We have a deal," Biden told reporters, flanked by Democratic and Republican senators who wrote the infrastructure proposal that followed months of White House negotiations with lawmakers.

Its $579 billion in new spending includes major investments in the nation's power grid, broadband internet services and passenger and freight rail.

Please select this link to read the complete article from Reuters.