Politicians considering another $2 trillion spending bill
Politicians are considering spending another $2 trillion on an infrastructure bill after President Trump tweeted that he could support such a bill on Tuesday.
"With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill," Trump said on Twitter. The president expressed support for a $2 trillion spending package focused on "jobs and rebuilding the once great infrastructure."
Despite not being in Washington D.C., negotiations have already begun on a potentially fourth spending bill to serve as a response to the novel coronavirus. House Speaker Nancy Pelosi said earlier this week that she hopes another bill will include more direct payments to individuals as well as funding for municipal infrastructure to address broadband and water systems.
Democratic House Representative Richard Neal, who Chairs the Ways and Means Committee, says he had been discussing a potential infrastructure bill for weeks with Pelosi.
"I think we should go big on it," he said. "I think the country is begging for infrastructure improvement."
Senate Majority Leader Mitch McConnell was not as certain.
"What I disagree with the speaker on is she is already saying we need to work on Phase Four. Well look, the current law has not been in effect for even a week," McConnell said on Wednesday. He conceded that lawmakers may need to pass another spending bill, but not before seeing how the recent bills Congress has passed affect the economy.