• Pelosi says new Senate infrastructure plan could be a hard sell

    14 Jun 2021 | Economic News
  

Pelosi says new Senate infrastructure plan could be a hard sell

 

U.S. Democrats will not back down on President Joe Biden's sweeping infrastructure goals, House of Representatives Speaker Nancy Pelosi said on Sunday, signaling turbulence ahead for a scaled-back bipartisan proposal unveiled in the Senate.

 

Biden has set his sights on a sweeping infrastructure bill that would both revamp the nation's roads and bridges as well as boost spending on services including healthcare and child care -- though Republicans reject the idea that those latter priorities even qualify for the label "infrastructure."

 

A bipartisan group of ten Senate moderates on Thursday reached a deal for an infrastructure plan that a source familiar said would cost $974 billion over five years and includes $579 billion in new spending. That was well below Biden's current $1.7 trillion proposal, and it was unclear if it would gather enough support to pass the 50-50 Senate.

 

Reference: Reuters

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