Moderate Republicans float counteroffer to Biden's infrastructure proposal

Several moderate Senate Republicans are discussing a potential counteroffer to President Biden's $2 trillion infrastructure proposal, which they consider to be too big and containing too many provisions unrelated to traditional infrastructure projects, such as highways, bridges and trains.

Senator Shelley Moore Capito, a Republican from West Virginia, said in an interview with CNBC on Wednesday that the "sweet spot" for an infrastructure proposal would be between $600 and $800 billion and would focus on "roads, bridges, ports, airports including broadband into that, [and] water infrastructure." Senator Bill Cassidy, of Louisiana, told reporters on Wednesday that Republicans were working with a bipartisan group including Republican Governor Larry Hogan of Maryland, the president of the National Governors Association, and other members of Congress.