Biden, Bipartisan Senators Reach Agreement on Infrastructure Package

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President Joe Biden and a bipartisan group of senators reached a deal on an infrastructure package Thursday. The $1.2 trillion package will include $579 billion in new spending over eight years, and focuses on "physical infrastructure" such as roads, bridges, and railroads, as well as internet broadband and water and sewage projects. The deal proposes financing sources for the bill that avoid a gas tax increase and a corporate tax hike; some of those sources include a reduced IRS tax gap, and unused unemployment relief and unused emergency relief funds.  "Bipartisan deals means compromise," Biden said from the steps of the White House shortly after the deal was made. "We all agree that none of us got all we wanted...But this reminds me of the days when we used to get an awful lot done up in the United States Congress." Later on Thursday, Biden said he would not sign the deal unless Congress also approves the second part of Biden's larger infrastructure agenda, focused on social "infrastructure" programs like subsidized child care, elder care and climate change. The bill will need at least 60 votes to pass. 

The story received wide coverage from across the spectrum. Outlets from across the spectrum speculated about the bill's likelihood of passing, as well as the path Democrats might take next to pass the second part of Biden's agenda, focused on social infrastructure. 

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President Joe Biden and a bipartisan group of 21 senators reached a compromise Thursday to modernize the nation's deteriorating transportation and public works systems, putting the president in position to pass the first plank of his sweeping infrastructure agenda.

Yet Biden made clear he would only sign a bipartisan infrastructure bill if Congress also approves a larger measure focused on "human infrastructure" programs like subsidized child care, home caregiving and climate change that only Democrats support.

President Joe Biden said Thursday he has agreed to a deal on infrastructure with a bipartisan group of senators after White House officials and the senators had a massive breakthrough the night before in their infrastructure negotiations.

Both Republican and Democratic senators said Wednesday evening there was an agreement reached with White House officials and 10 senators on a bipartisan infrastructure deal. And on Thursday afternoon, Biden said he had signed off on the agreement. 

President Joe Biden announced an agreement on a bipartisan infrastructure package Thursday, giving his stamp of approval to a plan spearheaded by ten senators. The new consensus marks the end to many weeks of negotiations and partisan gridlock over the president’s chief legislative priority.

“We have a deal,” Biden said outside the White House shortly after the deal broke. “We have made serious compromises on both ends.”