Trump administration prepares for $1 trillion infrastructure package to spur the economy

17.06.2020 - Davydova Maria
Trump administration prepares for $1 trillion infrastructure package to spur the economy

On Tuesday, the Trump administration said that it is preparing a nearly $1 trillion infrastructure proposal for transportation plans as part of its push to spur the world’s largest economy back to life.

A preliminary version prepared by the Department of Transportation (DOT) would reserve most of the money for traditional infrastructure work like roads and bridges. However, it would also set aside funds for 5G wireless infrastructure and rural broadband.

President Donald Trump is scheduled to discuss rural broadband access at a White House event on Thursday.

“Since he took office, President Trump has been serious about a bipartisan infrastructure package that rebuilds our crumbling roads and bridges, invests in future industries, and promotes permitting efficiency,” White House’s Spokesman Judd Deere stated in an interview.

The Trump administration plans to jump-start employment and the U.S. economy slowly recovers from the recession due to nationwide lock-downs amid the coronavirus outbreak.

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