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U.S. President Joe Biden has reached an agreement on a $ 1 billion infrastructure package, and will spend billions of dollars over the next eight years to renovate roads, bridges and broadband networks.
With an agreement a bipartisan group of senators the $ 2.3 million infrastructure spending plan presented by Biden in March is missing and does not address the $ 1.8 billion in social security network spending proposed by the U.S. president in April.
But it represents a a great milestone for Biden, vowed to use his decades of experience as a U.S. senator in Delaware to work with Republicans and address the polarization that has become endemic in U.S. politics.
Biden announced the deal at the White House on Thursday after meeting with moderate senators who signed the pledge, among others. Kyrsten cinema, Arizona Democrat and Susan Collins, Maine Republican senator.
“We made serious commitments at both ends,” the president said, and reminded him of “the days we used to do a tremendous job in Congress.”
Democrats and the White House hope to approve the rest of the economic agenda using their small majorities in Congress, separate from the bill for bilateral infrastructure negotiated with Republicans.
But Democratic House spokeswoman Nancy Pelosi said Thursday that the legislation should be tied: The lower house of Congress would only consider the party’s infrastructure package if it were Biden’s broader economic priorities – including corporate and wealth tax increases. The Senate passed the party line.
Biden’s infrastructure bill has been crucial over the years in addressing chronic underfunding of U.S. transportation networks and other facilities, and Putting America in a better position century to compete with China.
The high-infrastructure deal was also the goal of Republicans and Democrats in Donald Trump’s presidency, but it was always elusive. All the details of the bilateral agreement have not yet been revealed by senators, but Biden said he has been flexible in negotiations and is unlikely to make further requests.
“If they have my word, I will continue with what is proposed. And they also gave me the word. That’s where I come from is enough for me, ”Biden said.
Some members of the bilateral group celebrated the agreement. “It’s Infrastructure Week!” tweeted Louisiana Republican Sen. Bill Cassidy.
An agreement on infrastructure, if approved by Congress, would come Biden has a $ 1.9 million stimulus bill, was adopted in March as an emergency measure to spark a U.S. recovery as the country emerges from the pandemic.
The greatest tension over the infrastructure package was linked to disagreements over ways to raise revenue so that the deficit does not increase. In the end, the bilateral group agreed mainly on the previous rounds of stimulus measures related to the pandemic to cover money not spent.
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