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The US Senate's bipartisan infrastructure bill would add $256 billion to the federal deficit over 10 years, according to the Congressional Budget Office.

Infrastructure competition between China and the U.S. could ultimately be good for the developing world.

  >>  Reuters Published: 12 May 2021 09:58 PM BdST Updated: 12 May 2021 09:58 PM BdST US President Joe Biden delivers remarks on the April jobs report from the East Room of the White House in Washington, US, May 7, 2021. REUTERS President Joe Biden held his first White House meeting with Republican leaders from Congress on Wednesday in search of common ground on his proposals to spend trillions of dollars on US infrastructure, education and childcare. "); } Biden, a Democrat and former longtime US senator from Delaware, has sought to reduce partisan tension in Washington and pledged to ...

US President Joe Biden unveiled a USD 2 trillion package to upgrade and overhaul American physical infrastructure on Wednesday (local time). He promised that his transformational plan would create the "most resilient innovative economy in the world", The New York Times reported. "It is not a plan that tinkers around the edges," Biden said. "It is a once-in-a-generation investment in America. Unlike anything we have seen or done, since we built the interstate highway system and the space race decades ago. In fact, the largest American jobs investment since World War II," he added. Biden app...

US: Biden details $2 trillion infrastructure plan US President Joe Biden has set out plans for a $2 trillion program of infrastructure spending, calling it a "once-in-a generation investment" that will create millions of jobs while giving roads, utilities and American industry a "badly-needed" upgrade. Watch video 01:48