• Republicans up infrastructure offer to $928 billion, keeping talks alive

    28 May 2021 | Economic News
  

Republicans up infrastructure offer to $928 billion, keeping talks alive


U.S. Senate Republicans unveiled a new $928 billion offer to revitalize America’s roads, bridges and broadband systems on Thursday, which fell well short of President Joe Biden’s latest infrastructure proposal but proved substantial enough to keep negotiations alive.

The eight-year plan, from a group of six Republicans led by Senator Shelley Moore Capito, represents their counter-offer to a week-old $1.7 trillion here White House proposal that removed more than $500 billion from Biden's original $2.25 trillion plan in a bid to reach a bipartisan agreement.



Reference: Reuters

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