May 19 2021, 3:46 AM
May 18 2021, 10:01 PM
May 19 2021, 3:46 AM
(Bloomberg) Democrats and Republicans in Congress are in favor of reviving an Obama-era bond program for states and cities to help spur increased spending on infrastructure projects.
(Bloomberg) Democrats and Republicans in Congress are in favor of reviving an Obama-era bond program for states and cities to help spur increased spending on infrastructure projects.
Senator Ron Wyden, a Democrat from Oregon who chairs the Senate Finance committee, said at a hearing of the panel Tuesday that there is bipartisan support for creating a new borrowing program akin to Build America Bonds as President Joe Biden seeks to enact a major infrastructure spending plan. The federal government paid some of the interest bill for such securities under a temporary program enacted after the last recession.
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The Senate will soon begin debating a $1.9 trillion stimulus bill written and passed by House Democrats. Unlike the previous five COVID bills, which provided a total of $4 trillion