Connect with us

Hi, what are you looking for?

News

Biden signs $1 trillion infrastructure bill into law

IMAGE VIA GAGE SKIDMORE/CC BY-SA 2.0/FLICKR

WASHINGTON – President Joe Biden signed into law a $1 trillion infrastructure bill at a White House ceremony on Monday that drew Democrats and Republicans who pushed the legislation through a deeply divided U.S. Congress.

The measure is designed to create jobs across the country by dispersing billions of dollars to state and local governments to fix crumbling bridges and roads and by expanding broadband internet access to millions of Americans.

The bill-signing ceremony, held in chilly weather on the White House South Lawn to accommodate a big crowd, was an increasingly rare moment when members of both parties were willing to stand together and celebrate a bipartisan achievement.

Biden, whose job approval ratings have dropped because of his handling of the economy and other issues, heard supportive chants of “Joe, Joe, Joe” from some in the crowd and got a standing ovation as he stepped to the microphone.

Biden said the bill’s passage showed that “despite the cynics, Democrats and Republicans can come together and deliver results.” He called the bill a “blue-collar blueprint to rebuild America.”

“Too often in Washington, the reason we don’t get things done is because we insist on getting everything we want. With this law, we focused on getting things done,” Biden said.

Speakers included Senator Kyrsten Sinema, the centrist Arizona Democrat whose opposition to some tax increases has forced a scaling back of a companion piece of legislation, Biden’s $1.75 trillion “Build Back Better” social safety net plan.

Sinema and fellow Democratic Senator Joe Manchin of West Virginia, who also attended, have angered some in their party for resisting a number of items sought by progressives in the social spending bill. Sinema appeared to refer to the criticism in her remarks.

“Delivering this legislation for the American people – this is what it looks like when elected leaders set aside differences, shut out the noise and focus on delivering results on the issues that matter most to everyday Americans,” she said.

Republicans attending included Senator Rob Portman of Ohio, Senator Mitt Romney of Utah and Maryland Governor Larry Hogan.

Some Republicans who drew fire from their party’s right wing for backing the legislation stayed away.

Biden signed an executive order before the ceremony directing that materials made in the United States be given priority in infrastructure projects, the White House said.

It also established a task force made up of top Cabinet officials to guide implementation of the legislation, co-chaired by former New Orleans Mayor Mitch Landrieu.

The bill had become a partisan lightning rod, with Republicans complaining that Democrats who control the House of Representatives delayed its passage to ensure party support for Biden’s $1.75 trillion social policy and climate change legislation, which Republicans reject.

BATTLE OVER SOCIAL SPENDING LOOMS

There was a festive atmosphere at the ceremony. Biden joked that Portman, who is not standing for re-election and does not have to face critics within his own Republican Party, is a “hell of a good guy. I know I’m not hurting you, Rob, because you’re not running again.”

Representative Don Young, an 88-year-old Alaska Republican, teased Biden about the hour-plus length of the ceremony when he sat down to sign the bill.

“We were wondering when you were gonna stop. We damn near froze to death,” he said.

How long the bipartisan spirit will last is unclear as both sides expect a big battle over the social safety net plan.

Biden’s Build Back Better package includes provisions on childcare and preschool, eldercare, healthcare, prescription drug pricing and immigration.

The White House is hoping House Speaker Nancy Pelosi will bring the bill to a vote this week. That will only be a first step, however, as the Senate has not yet taken up the legislation, and Democratic divisions could threaten its chances in that chamber.

Biden and top officials in his administration are hitting the road to promote the infrastructure plan. He visits New Hampshire on Tuesday and Michigan on Wednesday. – Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

A worker of Ayala Corp’s Integrated Micro-Electronics Inc. (IMI) solders an automotive computer component part at an electronics assembly line in Binan, Laguna south...

News

MARI GIMENEZ-UNSPLASH THE NATIONAL Government plans to borrow P200 billion from the domestic market in July, the Bureau of the Treasury (BTr) said on...

News

SCOTT GRAHAM-UNSPLASH PHILIPPINE PRESIDENT Rodrigo R. Duterte has signed an order updating the list of investment areas where foreign ownership is limited or barred....

News

ETIENNE GIRARDET-UNSPLASH WHOLESALE PRICES of building materials in Metro Manila jumped to their highest in more than a decade in May as construction activities...

News

MAYNILAD Water Services, Inc. targets to distribute starting in July up to 10 million liters per day (MLD) of its “new water” or treated...

News

SOLAR Philippines Power Project Holdings, Inc. was able to forge contracts for at least 60% of the 10 gigawatts (GW) of energy capacity that...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.