Connect with us

Hi, what are you looking for?

Politics

Biden meets with U.S. lawmakers on infrastructure push

Politics32 minutes ago (Mar 04, 2021 05:40PM ET)

(C) Reuters. FILE PHOTO: Meeting on infrastructure investment at the Oval Office of the White House in Washington

By David Shepardson

WASHINGTON (Reuters) – President Joe Biden met on Thursday for more than an hour with a bipartisan group of lawmakers on the White House’s planned pursuit of a massive jump in spending on projects to restore crumbling U.S. infrastructure.

The big hurdle, as it has been for more than a decade, remains how to pay for trillions of dollars in new spending when neither Congress nor lawmakers have been willing to raise taxes or find new sources of revenue.

Biden, Vice President Kamala Harris and Transportation Secretary Pete Buttigieg met with House of Representatives members including Transportation and Infrastructure Committee Chairman Peter DeFazio, a Democrat, and congressman Sam Graves, the panel’s top Republican.

Biden said at the beginning of the meeting that he aimed for the United States to “once again lead the world across the board in infrastructure” and said doing so “makes us a hell of a lot more competitive around the world.” The White House has declined to say how much Biden will seek to spend on infrastructure or how he would pay for it.

DeFazio said after the meeting that Biden “wants to move as quickly as possible. He wants it to be very big and he feels that this is the key to the recovery package.”

Graves said the infrastructure plan must be bipartisan and that a funding mechanism was needed.

“It cannot be a ‘my way or the highway’ approach like last Congress,” Graves said, referring to previous Democratic legislation. “A highway bill cannot grow into a multi-trillion dollar catch-all bill, or it will lose Republican support.”

Biden last month met with a bipartisan groups of senators on infrastructure.

Democrats narrowly control both the House and Senate. Biden’s Republican predecessor Donald Trump failed to agree with lawmakers on a major bill to repair and replace aging and dangerous bridges, airports, water pipes and other projects.

As a presidential candidate, Biden pledged to invest $2 trillion in fixing highways, bridges and airports; building climate-resilient homes; wiring cities for broadband internet; and encouraging the manufacturing of fuel-efficient cars and installing electric vehicle charging stations.

Biden meets with U.S. lawmakers on infrastructure push

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved