Trump is reportedly considering a $1 trillion fresh infrastructure stimulus plan to rescue the US economy
US President Donald Trump is considering launching a $1 trillion infrastructure stimulus plan, according to Bloomberg.
Bloomberg said that most of the funds would go to infrastructure work in roads and bridges, and the rest of the funds would be devoted to improving 5G and rural broadband, confidential sources said. Trump has been pushing for a $2 trillion infrastructure plan for most of his presidency, but has been unable to get it over the line.
Funding has been a major sticking point for previous infrastructure proposals launched by Trump, with Republicans and Democrats disagreeing on how to pay for the plans.
Under the plan, most of the money will be earmarked for infrastructure work in roads and bridges meanwhile the rest of the funds will be devoted to building the US 5G network and improving internet services in rural areas of the country, the sources said. The president has launched numerous proposals for infrastructure spending during his presidency, and last year agreed in principal a $2 trillion plan with the Democratic party. It, however, never got off the ground.
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