InfrastructureNew This WeekNewsletter

Biden Remains Hopeful Infrastructure Deal is Near

Two major pieces of legislation – an up-to-$2 trillion social spending and climate change package and a $1 trillion infrastructure bill – remain in negotiations.

According to Yahoo!, Biden visited New Jersey to sell his “Build Back Better” agenda after talks on Sunday with moderate Democratic Senator Joe Manchin, whose vote is critical to the package, and Senate Majority Leader Chuck Schumer, a fellow Democrat. Biden used a speech in Kearny, New Jersey, to criticize past Republican plans that largely benefited the wealthy, and the economic theory that if people at the top did well, everyone would benefit. “I’m tired of ‘trickle-down’,” said Biden. Whatever the final pricetag ends up being, the legislation will be paid for, Biden said. “You hear these numbers, $3.5 trillion, $1.7 trillion – we pay for it all. It doesn’t increase the deficit one single cent. So let’s get to work,” he said. Democrats are seeking to coalesce around two key pieces of legislation – an up-to-$2 trillion social spending and climate change package and a $1 trillion infrastructure bill – to make good on Biden’s campaign promises.

 

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