This past Thursday, Congress once again postponed the vote for the $1 trillion bi-partisan infrastructure bill. This investment over the next 10 years will plan to rebuild bridges, roads, Power Grid’s, along with water and energy systems. This 2,700-page bill which was passed this summer has been postponed by House progressives who are focused more on social spending.
The Biden Administration along with congressional Democrats focus is more on climate change, free schooling and healthcare expand. This is a revised social infrastructure bill which includes less spending than the original hard infrastructure bill. After the meeting at the Capital, Biden stated that they “have a framework to pass both”. Plans on both packages will be revisited another day.
Co-director of Scopalitis Transportation Consulting stated that “our supply chain is under intense pressure, our roads are falling apart, and crashes are on the rise”. All those pro hard bill are making the statement if not now then when. If it does get passed, we can expect the jobs market to carry on good within the next few years.