Page 6 - Ed Mortimer News Today

President Joe Biden and lawmakers are laying the groundwork for another top legislative priority — a long-sought boost to the nation’s roads, bridges and other infrastructure that could run into Republican resistance to a hefty price tag.

Biden and his team have begun discussions on the possible outlines of an infrastructure package with members of Congress, particularly mindful that Texas recent struggles with power outages and water shortages after a brutal winter storm present an opportunity for agreement on sustained spending on infrastructure.

President Biden and lawmakers are laying the groundwork for a long-sought boost to U.S. roads, bridges and other infrastructure.

Speakers at the annual meeting of the National Asphalt Pavement Association on Feb. 18 set out a goal of a five-year reauthorization of the law that pays for federal highway improvements, before it expires September 30. The last reauthorization occurred in 2020 with a last-minute 12-month extension by Congress. “We have seven months left, and that clock is ticking every day,” said Dave Bauer, CEO of the Bauer noted that the Senate and House already have bills they can start with. L...

Biden Says China to ‘Eat Our Lunch’ Without Building Plan Bloomberg 2/11/2021 Alan Levin, Jordan Fabian and Erik Wasson © Bloomberg Construction crews work to erect a new highway bridge to carry I-65 traffic across the Ohio River from Louisville, Kentucky. (Bloomberg) -- President Joe Biden urged Congress to move quickly on a large infrastructure improvement plan in a meeting Thursday with four senators, declaring that China is poised to “eat our lunch” otherwise. B...

In an Oval Office meeting with four U.S. senators on Thursday, President Biden stressed the need for a new infrastructure plan — warning China will “eat our lunch” without it. Biden told reporters he had a “good conversation” with Chinese President Xi Jinping on Wednesday evening that lasted two hours. In an official readout of the call, the White House said the two leaders also spoke about “Beijing’s coercive and unfair economic practices,...

Sources see ways to get more investment in infrastructure with municipal bond provisions, but bipartisanship will be essential.