• U.S. Senate Republicans prepare new infrastructure offer

    26 May 2021 | Economic News
  
U.S. Senate Republicans prepare new infrastructure offer

 

Senator Shelley Moore Capito, leading a six-member Republican negotiating team, told reporters the group could also seek another meeting with Biden in an 11th-hour bid to reach a bipartisan deal to revitalize America’s roads, bridges and other facilities.

The No. 3 Senate Republican, John Barrasso, sounded a pessimistic note, telling reporters: “We are now very far apart. We were pretty close when we met with President Biden in the White House.”

 

It was not clear what the updated Republican package would contain. The group initially proposed a $568 billion, five-year framework here. Capito said the proposal has been recalibrated along the same eight-year horizon as Biden's plan. Such a change could increase its size to around $1 trillion.

 

Republicans, who met with Biden on May 13, have been disappointed by recent talks with administration officials including Transportation Secretary Pete Buttigieg, Commerce Secretary Gina Raimondo and others.


 

Reference: Reuters

 

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