Aging population to hit U S economy like a ton of bricks - U S commerce secretary msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
by Matt Egan, CNN Business June 9, 2021 .
As infrastructure negotiations between the White House and a GOP Senate group broke down this week, business executives are warning that aging infrastructure is holding America back.
Nearly two-thirds (63%) of middle market executives say the nation’s ailing infrastructure is restricting growth of the national economy, according to a new RSM survey shared exclusively with CNN Business. The survey, conducted in partnership with the US Chamber of Commerce, also found that 60% of these executives say the state of infrastructure is hurting local economies as well.
The findings come as President Joe Biden struggles to convince Republicans in Washington to support his $2 trillion American Jobs Plan that would aim to modernize roads, bridges and broadband and invest in clean energy.
Biden infrastructure plan talks end with no deal
(KYMA, KECY/ CNN) - President Joe Biden s infrastructure talks with a Senate GOP group led by West Virginia Republican Shelley Moore Capito broke down on Tuesday.
The two sides have been trying to come to an agreement with major disputes on the cost of the plan and how to pay for it.
The White House is now pivoting to a forthcoming proposal from a bipartisan Senate group led by Democratic Senator Joe Manchin.
The decision to shift focus away from the negotiations with Republicans follows a quick, five minute phone call between Biden and Capito.
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