- June 26, 2021
- Posted by: Stratford Team
- Category: Business
(Photo by Demetrius Freeman/The Washington Post via Getty Images)
A bipartisan group of senators and President Joe Biden announced a compromise infrastructure framework Thursday, which earned praise from leading business groups but drew concern from progressive and environmental groups.
At a press conference Thursday, Biden commended the bipartisan group’s work and expressed his support for the package, which is roughly a quarter of the size of Biden’s original infrastructure proposal. The deal is set to include $1.2 trillion for physical infrastructure projects, including $559 million in new spending.
Just hours after announcing the deal, Biden held a second press conference where he told reporters that he will veto the compromise infrastructure deal unless Democrats also pass a larger, partisan spending package through reconciliation. House Speaker Nancy Pelosi (D-Calif.) stated that, like Biden, she will only…