President Joe Biden has signed into law a bipartisan infrastructure bill that will provide $1.2 trillion in funding for various infrastructure projects across the United States. The bill, which passed the Senate by a vote of 69-30 and the House by a vote of 228-206, is the largest infrastructure investment in decades and is expected to create millions of jobs and improve the nation’s transportation, water, and broadband systems.Source:- MSN
The bill includes $110 billion for roads and bridges, $66 billion for passenger and freight rail, $65 billion for broadband internet, $55 billion for water infrastructure, $39 billion for public transit, and $7.5 billion for electric vehicle charging stations, among other provisions.
President Biden hailed the bill’s passage as a historic moment, saying in a statement, This is a once-in-a-generation investment in America’s infrastructure. It will create good-paying jobs, modernize our transportation systems, and make our communities more resilient to the impacts of climate change. It is a critical step forward in building the America we deserve.
The bill’s supporters say it will help bridge the nation’s economic divide by investing in rural and urban communities, and by improving access to high-speed internet, clean water, and reliable transportation. However, some critics have raised concerns about the cost of the bill and its potential impact on inflation.
The signing of the infrastructure bill is seen as a major victory for President Biden, who has made infrastructure investment a key pillar of his agenda. The bill’s passage also marks a rare moment of bipartisanship in a deeply divided Congress, with lawmakers from both parties coming together to support the legislation.
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