The White House and several senators announced Wednesday that they’ve reached a deal that would provide $550 billion in new federal investment into U.S. infrastructure, coming after weeks of talks. In a statement released by the Biden administration, the White House and “bipartisan group” of senators announced an “agreement on the details of a once-in-a-generation investment in our infrastructure” that will then be taken up in the Senate. Majority Leader Chuck Schumer (D-N.Y.) said earlier in the day that an initial vote on the deal could be held as early as Wednesday. According to the statement, “The deal will create good-paying, union jobs. With the President’s Build Back Better Agenda, these investments will add, on average, around 2 million jobs per year over the course of the decade, while accelerating America’s path to full employment and increasing labor force participation.” Lead GOP negotiator Sen. Rob Portman (R-Ohio) told reporters that …
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