© Reuters. FILE PHOTO: Clouds pass over the U.S. Capitol in Washington, U.S., January 22, 2018. REUTERS/Joshua Roberts2/2
WASHINGTON (Reuters) – A bipartisan group of 20 U.S. senators – 10 from each caucus – said on Wednesday it supported a framework for infrastructure investment.
“We look forward to working with our Republican and Democratic colleagues to develop legislation based on this framework to address America’s critical infrastructure challenges,” the group said in a statement.
The statement followed an announcement last week that a smaller bipartisan group of senators had reached an agreement on an infrastructure framework, which a source said would cost $974 billion over five years and $1.2 trillion over eight years, and includes $579 billion in new spending.
That proposal falls short of President Joe Biden’s current $1.7 trillion offer. Infrastructure investment is one of the Democratic president’s top legislative priorities.
The White House told lawmakers this week it would take stock of where things stand by the end of next week, said spokesman Andrew Bates.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Education News Click Here
For the latest news and updates, follow us on Google News.
