Congress may reject Biden’s $2.25tn New Deal

Joe Biden’s New Deal of $2.25tn infrastructure package may be frustrated by the American Congress, Bloomberg has reported.

The package, which is a version of Franklin Roosevelt’s New Deal of between 1933 and 1939, was unveiled on Wednesday.

“Much like his COVID-19 rescue bill, the plan faces a narrow path through Congress.

“Garnering Republican support in either the House or Senate, both of which Democrats control by tiny margins, will be difficult,” it reported

Tagged ‘American Job Plan’, the package is billed as the most sweeping economic investment since the original United States space programme.

The New Deal is aimed at “propping up the country’s historically underfunded and largely disintegrating infrastructure,” it said.

It also disclosed that the White House planned to fund the bill by taking back some of the tax cuts the Republicans gave corporations and the rich four years ago.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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