By Josh Boak

President Joe Biden is hoping to get the bipartisan infrastructure deal on track by highlighting its expected economic benefits, stressing its $973 billion would include the largest investment in transportation in nearly a century and millions of jobs would be created.

White House officials issued an internal memo highlighting the impact on jobs and growth ahead of Biden leaving Tuesday for Wisconsin to make his case directly to voters. The memo, obtained by The Associated Press, notes that the total is four times the size of the infrastructure investment made a dozen years ago in response to the Great Recession and the biggest infrastructure package since Franklin Roosevelt's New Deal.

It also emphasizes an analysis suggesting that 90% of the jobs generated by the spending could go to workers without college degrees, a key shift as a majority of net job gains before the pandemic went to college graduates.

“This is a blue-collar blueprint to rebuild America,” the memo says.

Potential economic gains were a shared incentive for the group of Democratic and Republican senators who agreed to the deal on Thursday. But the process briefly fell into disarray as Biden suggested the deal would be held up until he also received a separate package for infrastructure, jobs and education that would be determined solely by Democrats through the budget reconciliation process.

Biden said Saturday that this was not a veto threat and by Monday the package appeared back on track.

White House Press Secretary Jen Psaki said Monday that Biden is “eager” for both bills to be approved by Congress and is going to “work his heart out” to make it happen.

“The president intends to sign both pieces of legislation into law,” Psaki said at her daily briefing.

Approval of both bills by Congress remains a long haul with this summer's initial votes expected in July. Senate Republican Leader Mitch McConnell questioned the legislative process ahead and mounted fresh obstacles speaking Monday in Kentucky.

McConnell said he has not yet decided if he will support the bipartisan package, but he wants Biden to pressure House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer to say they will allow the bipartisan arrangement to pass without mandating that the much larger and broader follow-up bill be in place.

“I appreciate the president saying that he’s willing to deal with infrastructure separately, But he doesn’t control the Congress,” McConnell said at a press conference in Louisville.

The two bills had always been expected to move in tandem, and that is likely to continue as Biden drops his veto threat but reaches across the aisle for the nearly $1 trillion bipartisan package and as well as his own broader package. The Democratic leaders are pressing ahead on the broader bill, which includes Biden's families and climate change proposals as well as their own investments in Medicare, swelling to some $6 trillion.

The Democratic leaders did not immediately respond to McConnell's remarks.

The prospect of additional economic gains might be a way to garner public support and soothe partisan tensions. Biden also faces pressure from Democrats such as New York Rep. Alexandria Ocasio-Cortez, who told NBC's “Meet the Press” that the spending isn't as huge as it might seem because the sums are spread out over multiple years.

The eight-page White House memo comes from Brian Deese, director of the National Economic Council, and senior adviser Anita Dunn. It indicates that the $110 billion for roads and bridges would help relieve traffic and congestion that costs the economy over $160 billion annually. The memo justifies the $48.5 billion planned for public transit by citing studies that link light rail and buses to increased earnings and employment for workers. It defends the $66 billion for repairs and upgrades for rail lines by saying that current delays and disruptions weigh on growth.

The bipartisan agreement also would help nurture the market for electric vehicles, improve broadband access, repair water lines and create resilience against damage from extreme weather events.

Associated Press writer Lisa Mascaro in Washington and Bruce Schreiner in Louisville, Ky. contributed to this report.

Share:
More In Politics
What Inflation Means For American Businesses
Inflation has risen to its highest level in 31 years, sending consumer prices on everything from groceries to gas to rent surging. For many businesses, that's good news as inflation typically means better profit margins. According to data from FactSet, nearly two out of three of the biggest U.S. publicly traded companies have reported fatter profit margins so far this year compared to the same stretch of 2019, before the pandemic. Gregory Daco, chief U.S. economist for Oxford Economics, breaks down how the top businesses are reaping the benefits of inflation, and when consumers can expect inflation to ease.
Covid Cases on the Rise Ahead of Holiday Season
Cases of covid-19 are climbing in the Upper Midwest, Southwest, and parts of the Northeast. The seven-day national average is sitting at roughly 82,000 new cases which is an 11 percent jump from the week before. Dr. Amesh Adalja, Infectious Disease, Specialist, Sr. Scholar at Johns Hopkins Center for Health Security joined Cheddar's Opening Bell to discuss this recent uptick ahead of the holiday season.
Markets Open Higher After Losing Week on Wall Street
Markets were pointing to a higher open to kick off the third trading week in November. It comes as stocks come off a losing week in reaction to October's consumer price index--which showed inflation at its highest point in over 30 years. Ryan Detrick, Chief Market Strategist for LPL Financial joined Wake Up with Cheddar to discuss.
Making Real Changes Through Ballot Measures
We toss around the term "democracy is under attack" quite often without thinking too much, but one organization is actually stepping up to do something about it. The Fairness Project is a group that funds and organizes state ballot measures across the country. It has used ballot initiatives on campaigns aimed at expanding Medicaid, adding more paid time off, and raising minimum wage. It recently launched a new direct democracy campaign to fight back against attempts to make ballot measures inaccessible. Kelly Hall, executive director of The Fairness Project, joined Cheddar Politics to discuss more about the group's efforts to push for economic and social justice, avoiding partisan gridlock.
What Does Biden's $1.2 Trillion Infrastructure Bill Mean for Americans - And the Economy?
President Joe Biden signed into law today his landmark $1.2 trillion infrastructure bill, and it includes approximately $550 billion in new funding for increased broadband access, improving the power grid, and more. But what does this mean for the American economy, and American workers? Eliza Collins, Politics Reporter at The Wall Street Journal joins Cheddar News' Closing Bell to discuss what's included in the bill, which former mayor has been tapped to oversee how the bill is implemented, and how these new infrastructure investments will impact the economy.
Load More