• Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting

    11 May 2021 | Economic News
  


Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting

Senate Minority Leader Mitch McConnell said an infrastructure plan should cost no more than $800 billion, setting down a marker ahead of a critical week for efforts to craft a bill that would refresh U.S. transportation, broadband and water systems.


McConnell outlined his desired spending cap ahead of Biden’s first meeting with the top four congressional leaders on Wednesday. The president is expected to discuss infrastructure with McConnell, Senate Majority Leader Chuck Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif.


Biden will then meet with six Republican senators to talk about a potential compromise on Thursday. One of those lawmakers, Sen. Shelley Moore Capito of West Virginia, led a $568 billion GOP infrastructure proposal last month.


Reference: Reuters


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