Categories: Economy

Trump White Home guarantees “large” infrastructure announcement


By Nandita Bose and Doina Chiacu

WASHINGTON (Reuters) -U.S. President Donald Trump will make a “large” infrastructure announcement on Tuesday, White Home Press Secretary Karoline Leavitt mentioned, echoing an unrealized promise throughout Trump’s first time period to bolster ageing America’s roads, bridges and different networks.

“It’ll be an enormous announcement and it’ll show that the world is aware of that America is again,” Leavitt mentioned in an interview with “Fox & Buddies.” The announcement can be at 4 p.m. (2100 GMT), Leavitt mentioned with out offering extra element.

As a candidate in 2016, Trump promised to push a $1 trillion infrastructure invoice by means of Congress. He talked in regards to the subject as president usually throughout his first time period from 2017 to 2021, however by no means delivered on it, and “Infrastructure Week” grew to become a punchline.

His Democratic successor, Joe Biden, signed a $1 trillion infrastructure invoice into legislation in 2021 with Republican and Democrat lawmakers to fund 1000’s of initiatives to rebuild roads and bridges and fund new local weather resilience and broadband initiatives.

As of Nov. 15 2024, the Biden administration had introduced almost $600 billion in funding and launched over 72,000 particular infrastructure initiatives and awards.

The second Trump administration and the brand new Congress may have alternatives to place their stamp on the infrastructure legislation Biden handed. Company officers will be capable of award tens of billions of {dollars} in remaining aggressive grants, Brookings Establishment mentioned in a weblog in November.

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