Biden to push for infrastructure deal as economy rebounds

0 0

WASHINGTON (NewsNation Now) — President Joe Biden Monday is set to push for a bipartisan infrastructure deal in remarks touting the economic progress made since he has taken office.

NewsNation will live stream Biden’s remarks in the player above.

The $1.2 trillion bipartisan infrastructure bill will face an initial procedural floor vote in the Senate Wednesday, Majority Leader Chuck Schumer announced last week in an apparent effort to jump-start the process.

Legislators from both parties are working to forge a consensus on details of the measure, which is expected to fund roads, bridges, ports and other “hard” infrastructure. Biden backs the deal but first the working group of over 20 senators must resolve their own differences, including over how to fund the deal.

Signs of difficulty emerged on Thursday when the Republican leader of the group, Senator Rob Portman, said he would not vote to advance the measure next week unless the legislation was ready.

The debate over infrastructure comes amid evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. In June, employers added a strong 850,000 jobs, and hourly pay rose a solid 3.6% compared with a year ago, faster than the pre-pandemic annual pace and a sign that companies are being compelled to pay more to attract and keep workers.

This story is developing. Refresh for updates.

The Associated Press and Reuters contributed to this report.

Latest News

  • Biden to push for infrastructure deal as economy rebounds
  • California launches largest free school lunch program in US
  • Mask honor system not working amid COVID spike fueled by Delta variant
  • Man, 90, walking from Illinois to Texas to help children fighting cancer
  • See the top-rated Airbnb hosts in all 50 states

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.