Biden's infrastructure plan estimated to cost $2 trillion over 8 years
CBSN
The next step in President Biden's large-scale economic plan is infrastructure, and he'll be unveiling the first piece of a two-part package on Wednesday in Pittsburgh — where he launched his 2020 presidential campaign.
The White House told senators in a call on Tuesday that the plan will cost $2 trillion over eight years, sources familiar with the call told CBS News. There will be four major areas of spending: transportation, water/electricity/broadband, care and innovation. Transportation includes electric vehicles, highway, public transit; water/electricity/broadband will include replacing lead pipes and grid updates and innovation will include semiconductors, batteries and research. The proposal pairs traditional forms of infrastructure with vital services. White House press secretary Jen Psaki said Monday that Mr. Biden's Pennsylvania address would focus on roads, railways and domestic manufacturing. Psaki added that Mr. Biden will turn to the second part — which includes health care, child care and education — in April.More Related News