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Biden economic plan to focus 1st on infrastructure this week

by capitalizefinancial
March 29, 2021
in Economy
0
Biden economic plan to focus 1st on infrastructure this week

President Joe Biden will lay out the first part of his multitrillion-dollar economic recovery package this week, focusing on rebuilding roads, bridges and other infrastructure, followed by a separate plan later in April addressing child and health care.

White House press secretary Jen Psaki confirmed on Sunday the administration’s plans to split the package into two legislative proposals, part of an effort to get support from congressional Republicans. But she adds that “we’ll work with the Senate and House to see how it should move forward.”

Biden will release details in a speech Wednesday in Pittsburgh about his proposal for federal investments in physical infrastructure, an issue that has drawn Republican support despite wariness over a pricey package so soon after passage of the $1.9 trillion Covid-19 relief plan.

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