Biden signs $1 trillion infrastructure bill

US global

President Joe Biden has signed his $1 trillion infrastructure deal into law at the White House.

With the bipartisan deal, the president had to choose between his promise of fostering national unity and a commitment to transformative change. The final measure whittled down much of his initial vision to invest in roads, bridges, water systems, broadband, ports, electric vehicles and the power grid. Yet the administration hopes to sell the new law as a success that bridged partisan divides and will elevate the country with clean drinking water, high-speed internet and a shift away from fossil fuels.

He intends go to New Hampshire to visit a bridge on the state’s “red list” for repair, and he will go to Detroit for a stop at General Motors’ electric vehicle assembly plant, while other officials also fan out across the country. The president went to the Port of Baltimore last week to highlight how the supply chain investments from the law could limit inflation and strengthen supply chains, a key concern of voters who are dealing with higher prices.

In order to achieve a bipartisan deal, the president had to cut back his initial ambition to spend $2.3 trillion on infrastructure by more than half. The law in reality includes about $550bn in new spending over 10 years, since some of the expenditures in the package were already planned.

 

Source: Transport Topics

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