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8/10, 9:40 PM (Source: TeleTrader)
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Biden: Infrastructure bill to provide long-term boom

United States President Joe Biden stated on Tuesday that the passed bipartisan infrastructure bill will help make a historic recovery and will provide a long-term boom to the nation's economy. In his remarks, Biden described America as being on the "cusp of an infrastructure decade."

Biden noted that the most recent job report showed a strong recovery in the employment market, while the 4 million jobs created under his presidency are proof of the positive trajectory. The president also pointed out that the legislation will provide more job openings, 90% of which will not require a college degree.

The US leader added that the bipartisan infrastructure package passed the Senate with 69 votes, while the Federal-Aid Highway Act of 1956 passed the Senate 41 to 39. Biden called the American Jobs Plan the most important investment in public transit.

Baha Breaking the News (BBN) / LH