Republican senators ready $1T infrastructure counteroffer to Biden

GOP senators ready $1T infrastructure counteroffer to Biden
White House press secretary Jen Psaki speaks during a press briefing at the White House, Tuesday, May 25, 2021, in Washington. Source: AP Photo
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Daily US Times: Republican Senators revived negotiations over President Biden’s sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with coronavirus relief money as a counteroffer to the Biden administration ahead of a Memorial Day deadline toward a bipartisan deal.

On Tuesday, The Republicans said that they would disclose details of the new offer by Thursday, sounding upbeat after both sides had panned other offers.

White House press secretary Jen Psaki declined to address the new plan but said: “We expect this week to be a week of progress.”

Talks over the infrastructure investment are at a crossroads as President Joe Biden reaches for a top legislative priority. The White House is assessing whether Mr Biden can strike a bipartisan deal with Republicans on his American Jobs Plan or whether he will try to go it alone with Democrats if no progress is made in the days ahead.

Yet the administration and the Republican senators remain far apart over the size and scope of the investment needed to reboot the nation’s roads, bridges and broadband — but also, as President Biden sees it, the green energy investments and child care centers needed for a 21st-century economy. They also can not agree on how to pay for it.

The US president had dropped his $2.3 trillion opening bid to $1.7 trillion, and Republicans had nudged their initial $568 billion offer up by about $50 billion late last week, but talks teetered as both Democrats and Republicans complained the movement was insufficient.

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