NEWS ROUNDUP: BIPARTISAN INFRASTRUCTURE DEAL WILL MAKE LONG-AWAITED, KEY INVESTMENTS
Economic Benefits Will Be Felt Across the Country, According to Media Outlets
POLLING: 61% of Voters — Including 54% of Independents — Support Passing the Build Back Better Act.
On Friday, the U.S. House of Representatives passed the Bipartisan Infrastructure Deal, sending the bill to President Biden’s desk to be enacted into law. Economists, business leaders, and voters have agreed that the bill will revitalize America’s infrastructure, and when passed with the Build Back Better Act, will create millions of jobs, and lower costs for middle-class Americans.
The impact of the Bipartisan Infrastructure Deal will reach far and wide across the country, according to media reports.
Here’s what people are are saying:
The immediate impacts are going to be probably felt in the construction industry. There’s going to be a bunch of jobs there. Some reports estimate that it’s going to be 1 million job over a five-year time period. But beyond the direct sectors that are going to be impacted by the spending, there are also going to be indirect effects in other sectors that are mostly supply chain sectors and also service sectors.
Investment in bridges and roads are going to make the U.S. more productive, which means it’s going to lower costs for producers. So as consumers, we might feel it in lower prices.
The bill includes $66 billion in new funding for rail to address Amtrak’s repair backlog, improve stations, replace old trains and create a path to modernize the Washington-to-Boston corridor, the nation’s busiest. It would be the biggest boost of federal aid to Amtrak since Congress created it half a century ago.
[…] The funding will help to rebuild the aging infrastructure of the Northeast Corridor, which includes several bridges and tunnels more than 100 years old. But it could also help bring passenger service to new cities and towns across the nation. The changes would mark an overhaul for a service map that has remained nearly unchanged during a period when the nation gained 120 million people.
The New York Times: Infrastructure Bill Makes First Major U.S. Investment in Climate Resilience
The $47 billion in the bill designated for climate resilience is intended to help communities prepare for the new age of extreme fires, floods, storms and droughts that scientists say are worsened by human-caused climate change.
The money is the most explicit signal yet from the federal government that the economic damages of a warming planet have already arrived. Its approval by Congress with bipartisan support reflects an implicit acknowledgment of that fact by at least some Republicans, even though many of the party’s leaders still question or deny the established science of human-caused climate change.
State and local officials are celebrating the expected distribution of $1 billion in cybersecurity funds from the newly approved infrastructure deal, the biggest government investment in state and local cybersecurity to date.
The funds were included in the $1.2 trillion infrastructure package that is awaiting President Biden’s signature after months of negotiations in Congress and years of advocacy from state and local governments, which have faced chronic shortages of resources to address increasing cyber threats.
The infrastructure bill heading to President Biden’s desk includes $65 billion to improve high-speed internet access and affordability.
The pandemic proved the necessity of connectivity to participate in daily American life, and Biden’s administration acknowledged that by including this funding in the infrastructure package.
The funding is aimed towards building high-speed internet networks, helping low-income families pay for service and digital equity programs.
The Wall Street Journal: Electric-Vehicle Charging Stations Win Jolt of Energy in Congress
The bipartisan measure touches on nearly every aspect of the electric-vehicle industry and eclipses previous efforts in the U.S. It also includes funding to help transform the nation’s aging electric grid by upgrading high-voltage transmission lines and other infrastructure set to become even more crucial as the country electrifies more of its transportation system.