Infrastructure deal has been reached
President Biden says that an infrastructure deal has been reached.
It is about half the amount the White House originally wanted and includes $1.2 trillion dollars in spending over eight years.
Here are a few highlights for ag:
$312 billion dollars is slated for transportation projects like roads, bridges, airports, and railways
$16 billion dollars will go to waterway projects, including port upgrades
- Rural broadband made the cut as well with $65 billion in funding.
Negotiators still have to decide how to pay for it all. The plan, in bill form, could be drafted by the end of next month.