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Pelosi says U.S. lawmakers must work 'swiftly' on major infrastructure package

Published 03/12/2021, 05:29 PM
Updated 03/12/2021, 05:35 PM
© Reuters. FILE PHOTO: U.S. House Speaker Pelosi and House Democrats hold news conference

By David Shepardson

WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi said on Friday she has directed key Democratic lawmakers to begin working with Republicans on a major infrastructure package.

Democrat Pelosi, who met on Thursday with the chairs of U.S. House of Representatives committees that will oversee the infrastructure package, said in a statement: "Congress must work swiftly ... to craft a big, bold and transformational infrastructure package."

A Pelosi aide told Reuters infrastructure is "next in terms of top priorities."

One big question mark remains how to pay for a massive boost in spending, which had prevented Congress from approving a big package for more than a decade.

Pelosi said she hoped the measures will address transportation as well as "other critical needs in energy and broadband, education and housing, water systems and other priorities."

As a candidate, President Joe Biden pledged to invest $2 trillion in fixing highways, bridges and airports; building climate-resilient homes; wiring cities for broadband internet; and encouraging the manufacturing of fuel-efficient cars and installing 500,000 electric vehicle charging stations.

House Transportation and Infrastructure Committee Chairman Peter DeFazio told Reuters on Wednesday his "tentative timeline" is to have his committee's portion of a major infrastructure bill approved by the panel in May. "It is going to be green and it is going to be big,” he said.

 

Latest comments

Why not 4 years ago?
Actually, not Government money as US is technically bankrupt. All these printing will end up like Venezuela...
US Economy can only survive with Government money? Sound like US_SR to me.
lol
In 2008, China was buying the debt when we printed but looks like this time, China is smart and they are going to stay away. China and Russia are buying gold and Bitcoin and wait for our debt to explode...
The last time we did this all the money went to unions and there were no "shovel ready" jobs.
unions are the workers organizing to promote and protect their interests. so you are against workers rights.
Let see how do you plan to finance it. Oh, there is no plan. Let’s just print.
$28T in debt.... plus the new $1.9T stimulus put us at $30T.... then another $2T on infrastructure put us at $32T... when this debt falls... it will be nasty....
The 32 trillion you mentioned is based on a cash basis. Using an accrual accounting system, it is more like 4 -5 times that. Government conveniently forgets to mention that.
you need to look at how much economic activity is created. if people had listened to people like you in the 1950s we would have no interstate highway system the electric grid in the west would have collapsed without investment in our country America would have had a.crippled economy unable to compete with our economic rivals. there will be an economic return from his plan that will rival every other successful major infrastructure plan that America has initiated in the past.
billy boy.... purhaps you need a more accurate course in American economic history. of course that would mean a trip outside a country that doesn't belief in delivering an accurate assessment of your country's economic behavior or America's. so how can anyone trust your remarks about American economic policy.
Pelosi wont live forever. She wants to drain the government as dry as she can, as she intends to be far away in some exotic resort when everything collapses. Hence the spending madness, on top of an already unpayable debt
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