Senate Republicans unveil latest counteroffer to Biden on infrastructure spending

Senate Republicans on Thursday unveiled their latest counteroffer to President Joe Biden on infrastructure spending, calling for spending $928 billion.

A group of Senate Republicans on Thursday announced a $928 billion counteroffer to President Joe Biden's plan on infrastructure spending, the latest attempt to make progress toward a bipartisan compromise just days before the president's informal Memorial Day deadline. The package includes $506 billion for roads, bridges and major projects, $98 billion for public transit, $46 billion for freight rail, and funding for ports, airports, water storage, broadband, and infrastructure financing. Sen. Shelley Moore Capito, R-W.Va., who is leading the group of GOP senators working on the counteroffer, announced their proposal on Capitol Hill Thursday morning, cast the Republican proposal as "a serious effort to try to reach a bipartisan agreement." She said their counteroffer delivers on what Biden asked for: It reaches near $1 trillion over an eight-year period and includes their baseline spending.