President Biden Announces Bipartisan Deal On $1 Trillion Infrastructure Plan
WASHINGTON (CBS News) -- A group of bipartisan senators announced an agreement on a framework for an infrastructure proposal on Wednesday evening, even as the White House and congressional Democrats continue to pursue two tracks in passing President Biden's multi-trillion dollar plan.
The group of 21 senators, 10 Democrats and 11 Republicans, previously reached an agreement on an infrastructure proposal costing roughly $1 trillion, with $579 billion in new spending — although the proposal did not include details about funding. Republican Senator Mitt Romney, a lead negotiator, told reporters on Wednesday evening that negotiators have "agreed to a framework" that they would present to the White House.
Several of the lead negotiators from both parties traveled to the White House on Thursday morning to discuss the new framework, which includes pay-fors. Funding for the bill had been a sticking point in negotiations.