United States

US senators unveil $1 tln infrastructure bill

19:18, 02 August 2021
US senators unveil $1 tln infrastructure bill Photo: Evan Golub/ZUMAPRESS.com/Global Look Press

The up to $1 trillion infrastructure bipartisan bill will see the US investing large sums in roads, bridges, technology, airports, and other infrastructure.

The new bill is the largest public works legislation in decades and the most massive infrastructure investment in the history of the US for the last century.

It was lead by the two Senators Rob Portman and Kyrsten Sinema and supervised by US President Joe Biden. 

"We are proud this evening to announce this legislation, and we look forward very much to working with our colleagues in a collaborative and open way over the coming days to work through this historic investment in infrastructure," Sinema said at the Senate.

The program of the infrastructure bill is spread in detail around 2,702 pages.

Most of the politicians share overall positive views on the new bill.

"I believe we can quickly process relevant amendments and pass this bill in days," New York Democrat Senate Majority leader Chuck Schumer said in a statement.

While Senator Rob Portman said: “This is a really important bill because it takes our big, aging, and outdated infrastructure in this country and modernizes it. That’s good for everybody."

However, not everyone is as positive thinking, especially Republicans who argue that the bill turned out to be too costly.

"I’ve got real concerns with this bill. All is not well with the way we spend money," Republican Senator Mike Lee said in a statement. 

Initially, in March Joe Biden announced that the bill will be worth $2,25 trillion, however, the number was decreased as many politicians, mostly Republicans argued that the bill also dealt with areas that or not typically viewed as infrastructure, like investments in workforce training and aging US citizens caregiving.

Earlier the US Treasury Secretary Janet Yellen warned Congress that the US is risking a debt default if lawmakers fail to act quickly to raise the federal borrowing limit.