Apple Inc.
AAPL
$175.49
−3.58 (2.00%)
Senate Republicans Prepare $1 Trillion Infrastructure Offer

Published by

July 25, 2024 2:51 PM
(GMT+2)

Senate Republicans are crafting an almost $1 trillion infrastructure offer to present to the White House later this week, preparing a substantial gain to their original $568 billion plan in hopes of sustaining bipartisan talks that hit hurdles last week.The six Senate Republicans who have been leading talks met Tuesday morning to discuss how to respond to the $1.7 trillion plan the White House released last week, a drop from the Biden administration’s original $2.3 trillion proposals. Members of the group stated that they would send their new plan to the White House on Thursday, days before an unofficial Memorial Day deadline for progress in the talks. Sen. Roger Wicker (R., Miss.), the top Republican on the Commerce, Science, and Transportation Committee stated that President Biden told the GOP lawmakers during a private meeting earlier this month that he would support a $1 trillion plan over eight years. Mr. Wicker stated that the Republican offer would roughly match Mr. Biden’s comments in the meeting.

WHAT TO READ NEXT

Ready to get started?

Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.