SOURCE / ECONOMY
By GT staff reporters Published: Apr 01, 2021 11:58 PM
US President Joe Biden delivers a speech on a $2 trillion infrastructure spending at Carpenters Pittsburgh Training Center on Wednesday in Pittsburgh. Photo: VCG
US President Joe Biden introduced on Wednesday a $2 trillion plan over eight years in a bid to create millions of jobs in the US through infrastructure investment.
Analysts said Thursday whether the plan can be implemented remains unknown, and that the infrastructure stimulus plan is a short-term potent medicine. They also noted that Chinese enterprises, with rich experience and strong ability, are willing to participate in the plan, but they may face barriers.
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US President Joe Biden speaks about his $2 trillion infrastructure plan during an event to tout the plan at Carpenters Pittsburgh Training Center in Pittsburgh, Pennsylvania, US, March 31, 2021. [Photo/Agencies]
The White House released a $2.3 trillion infrastructure plan Wednesday that looks to a greener future by allocating more money to electric-vehicle development than to traditional projects such as roads and bridges.
In fact, infrastructure is not part of the sweeping plan s name.
It is called the American Jobs Plan, and it proposes spending billions of dollars on funding the care economy , worker training, affordable housing, upgrading public school buildings, supporting community colleges, helping labor unions, expanding high-speed internet and creating a Civilian Climate Corps.
What s included in Biden s infrastructure plan? ksdk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksdk.com Daily Mail and Mail on Sunday newspapers.