Bipartisan Deal Reached on Infrastructure Proposal

“Members of a bipartisan group of senators said they had reached an agreement on an infrastructure proposal that would be fully paid for without tax increases, pitching the plan to other lawmakers and the White House as they try to craft compromise legislation on the issue,” the Wall Street Journal reports.

“While the group of 10 senators didn’t reveal details of the plan in its statement, people familiar with the plan said it called for $579 billion above expected future federal spending on infrastructure. The overall plan would spend $974 billion over five years and $1.2 trillion if it continued over eight years.”

“To move forward in Congress, the plan would need the buy-in from a broader group of Republicans and Democrats, as well as the White House. In recent days, some Democrats have indicated they are skeptical that the bipartisan talks will result in a large enough package.”