Biden, GOP Senators Strike $1.2T Infrastructure Deal

By Linda Chiem (June 24, 2021, 6:45 PM EDT) -- In a major step toward advancing his economic agenda, President Joe Biden reached a deal Thursday with a bipartisan group of U.S. senators on an estimated $1.2 trillion infrastructure plan, but it likely hinges on passage of a separate reconciliation bill addressing the president's other legislative priorities.

After months of negotiations, the Biden administration and senators from both parties reached agreement on broad targets for a once-in-a-generation investment in modernized highways, roads and bridges built for climate resilience, electric vehicles, public transit, expanded broadband internet and upgraded power grids, among other things.

The bipartisan infrastructure framework calls for a total $973...

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