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Biden agrees to reduce operating costs of $ 1tn with senators

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U.S. President Joe Biden has participated in a $ 1tn construction package to spend billions of dollars to rehabilitate roads, bridges and network networks over the next eight years.

Agreement with a bipartisan group of cinemas There is no shortage of $ 2.3tn construction plans announced by Biden in March and they will not respond to the $ 1.8tn spending cuts made by the US President in April.

But it represents a a major event for Biden, who promised to spend decades as a filmmaker from Delaware working with Republicans and opposing US political intervention.

Biden announced the deal at the White House on Thursday after meeting a number of senators who filed fraud, including Kyrsten Video, Arizona Democrat, and Susan Collins, Republican Maine senator.

“We have been very persuasive on both sides,” the President said, adding that it reminded him of “the days when we do more in Congress.”

Democrats and the White House are expected to approve the rest of the economy by spending their superiors on Congress except for the money negotiated by Republicans.

But Nancy Pelosi, House of Representatives spokeswoman, said Thursday that the bill should be enacted: the lower house of Congress will focus on bipartisan plans as a major economic necessity for Biden – including taxes on corporate and wealthy people – for the first time in the Senate.

Biden has made funding for the project a key component of restoring unpaid travel costs to U.S. and other facilities over the years, and putting America in a better place competing with China in the 21st century.

“There is a lot of money going on with independents,” he said in a White House statement in the afternoon. “We have to move and we have to move fast.”

The massive construction deal was aimed at Republicans and Democrats, even during the presidency of Donald Trump, but it did not materialize. Biden said he was flexible in the negotiations and there is no doubt that he would want more.

“They have my word, I will follow what they have done. And they have given me their word as well. Where I come from is enough,” Biden said.

Some members of the two-party team celebrated the alliance. “It’s a construction week!” He sent the message to Bill Cassidy, Louisiana’s Republican senator.

The industrial agreement, if passed by Congress, will come later Biden incentive $ 1.9tn, which was approved in March as an emergency measure to prevent recovery as the country emerges from the epidemic.

The White House says the deal also affected $ 579bn in new spending; when combined with restructuring of existing operating costs, both will reach $ 973bn over the next five years, and $ 1.2tn over the next eight years.

The new funding includes $ 109bn on roads and bridges, $ 66bn on rail network and $ 49bn on public transportation. Ports, airports and power stations have also received additional funding.

A major source of constraints on architectural-related issues is inconsistencies in revenue-generating practices so as not to further the decline.

In the end, the split party agreed to reimburse the undisclosed funds for past epidemics, to increase the Internal Revenue Service’s ability to comply with tax laws, and to sell from the Strategic Petroleum Reserve.

Republicans have been pushing for an increase in car taxes and fuel bills, but the White House has rejected the proposal, as it violates Biden’s promise not to raise more than $ 400,000 a year for Americans earning less than $ 400,000 a year.

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Rana Foroohar and Edward Luce discuss major topics in the financial and power struggle in U.S. politics every Monday and Friday. Enter a newsletter Pano

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