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

PoliticsMar 12, 2021 05:35PM ET
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2/2 © Reuters. FILE PHOTO: U.S. House Speaker Pelosi and House Democrats hold news conference 2/2

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.

 

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

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Comments (9)
Notvery Goodathis
Peteymcletey Mar 14, 2021 4:03PM ET
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Why not 4 years ago?
YC Teng
YC Teng Mar 14, 2021 1:52AM ET
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Actually, not Government money as US is technically bankrupt. All these printing will end up like Venezuela...
Diddl One
Diddl One Mar 13, 2021 1:43PM ET
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US Economy can only survive with Government money? Sound like US_SR to me.
Robert DZ the patterns
Robert DZ the patterns Mar 13, 2021 1:35PM ET
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lol
David David
David9 Mar 12, 2021 11:14PM ET
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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...
Catholic Man
CatholicMan Mar 12, 2021 9:26PM ET
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The last time we did this all the money went to unions and there were no "shovel ready" jobs.
Ad Cline
Ad Cline Mar 12, 2021 9:26PM ET
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unions are the workers organizing to promote and protect their interests. so you are against workers rights.
ZS Beck
ZS Beck Mar 12, 2021 9:06PM ET
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Let see how do you plan to finance it. Oh, there is no plan. Let’s just print.
David David
David9 Mar 12, 2021 8:28PM ET
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$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....
Bill Melton
Bill Melton Mar 12, 2021 8:28PM ET
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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.
Ad Cline
Ad Cline Mar 12, 2021 8:28PM ET
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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.
Ad Cline
Ad Cline Mar 12, 2021 8:28PM ET
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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.
Kelly Mayer
Kelly Mayer Mar 12, 2021 6:23PM ET
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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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