Tuesday, September 27, 2022

WATCH LIVE: Biden Signs White House Infrastructure Bill

WASHINGTON (AP). The $ 1 trillion Infrastructure Bill, signed by President Joe Biden, is a historic achievement in a time of deeply fragmented politics. But the trade-offs needed to bridge the political divide suggest spending may not be as transformative as Biden promised for the US economy.

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Faced with waning support as the US continues to weather the pandemic and rising inflation, the president sees infrastructure as proof that the government can function again. Ahead of Monday’s signing ceremony, he instructed his cabinet on Friday to strictly monitor upcoming investments in roads, bridges, water systems, broadband, ports, electric vehicles and the power grid to ensure they pay off.

“It’s difficult, but we can still band together to do something important for the American people,” Biden said. “This will create millions of new jobs. This will help boost the economy. And we will win the global economic competition in which we participate in the second quarter of the 21st century with China and many other countries around the world. “

Biden refrained from signing a stubborn infrastructure deal after it was passed on Nov. 5 until lawmakers return from a congressional hiatus and can join the bipartisan event. On Sunday night ahead of the signing, the White House announced that Mitch Landrieu, the former mayor of New Orleans, will coordinate the implementation of infrastructure spending.

The meeting on Monday on the White House lawn will bring together governors and mayors of both parties, as well as trade unions and business leaders. In addition to House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, the president plans to welcome Republicans, including Ohio Senator Rob Portman, Louisiana Senator Bill Cassidy, Maine Senator Susan Collins, New York Rep. Tom Reed, a Republican in the Alaska Don. Young and Maryland Governor Larry Hogan.

The President began the process of selling it to the general public with a trip last week to the port of Baltimore. He will travel to New Hampshire on Tuesday to visit the state’s red-listed bridge for repairs and to Detroit on Wednesday for a stop at General Motors’ electric vehicle assembly plant.

To reach a bipartisan deal, the president had to more than half-cut his initial ambition to spend $ 2.3 trillion on infrastructure. The bill, which becomes law on Monday, actually includes about $ 550 billion in new spending over 10 years, as some of the spending in the package has already been planned. However, the administration still sees the bill as a national project with a wide range of investments and potential ways to improve people’s lives with clean drinking water and high-speed internet.

Nation World News Desk
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