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Buttigieg Optimistic That Congress Will Pass $3 Trillion Infrastructure Plan
Posted
March 23, 2021
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March 23, 2021
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1:17Now PlayingPresident Joe Biden is betting that a multitrillion-dollar economic plan centered around infrastructure spending will do more than bolster an American economy hammered by the coronavirus pandemic: It will ensure his country’s competitiveness against China for decades to come.
“If we don’t get moving, they’re going to eat our lunch,” Biden told lawmakers in a pitch for his proposal shortly after his call last month with Chinese President Xi Jinping. “We just have to step up.”
Biden’s advisers will present him this week with a detailed proposal for a plan whose cost could touch $3 trillion, according to three people familiar with the deliberations. Infrastructure and climate change have long been described as key efforts in the pending program, and the new details show the administration is eyeing some $400 billion in so-called green spending, according to one of the people.
Even if he gets all he asks for, catching up to China on infrastructure won’t be easy.
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