3/22, 7:05 PM (Source: TeleTrader)
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Biden's infrastructure bill to amount to $3T - report

United States government's next funding bill will allegedly amount to up to $3 trillion, investing in infrastructure, education, workforce development and fighting climate change, the New York Times reported on Monday, citing sources familiar with the matter.

President Joe Biden's advisers are preparing to deliver legislative proposals this week, where the bill would be separated into multiple chapters, promising easier passage through Congress. The new infrastructure bill was also named as the "Build Back Better Recovery Plan", and is expected to be financed through tax increases on corporations and wealthy Americans.

The infrastructure bill is set to target carbon emissions that drive climate change, create favorable conditions for clean energy businesses and develop American manufacturing using high technologies.

Breaking the News / LH