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$2T for infrastructure

By Jonathan Lemire, Kevin Freking and Zeke Miller The Associated Press

PITTSBURGH » President Joe Biden wants $2 trillion to reengineer America’s infrastructure and expects the nation’s corporations to pay for it.

The president landed in Pittsburgh on Wednesday to unveil what would be a hard-hatted transformation of the U.S. economy as grand in scale as the New Deal or Great Society programs that shaped the 20th century.

White House officials say the spending over eight years would generate millions of new jobs as the country shifts away from fossil fuels and combats the perils of climate change. It is also an effort to compete against the technology and public investments made by China, which has the world’s second- largest economy and is fast gaining on the United States’ dominant position.

 

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