February 11, 2018 |
WASHINGTON (Reuters) – U.S. President Donald Trump will roll out an infrastructure plan on Monday that already faces significant hurdles in Congress because it does not offer as much new federal funding as Democrats want or directly address how to pay for the effort.
The plan to use $200 billion in federal funds to try to stimulate $1.5 trillion in infrastructure improvements over 10 year could reshape how the federal government funds roads, bridges, highways and other infrastructure. The administration also says it will eliminate bureaucratic roadblocks to completing projects that can tie up new roads for years.
White House Budget Director Mick Mulvaney said on Sunday that in addition to the $200 billion the administration seeks for its infrastructure proposal, the White House wants $21 billion over two years for infrastructure that was part of a budget framework deal approved last week in Congress.
Mulvaney said in a statement that the plan “reduces the regulatory burdens we face, shortening and simplifying the approval process for projects, and eliminating barriers that prevent projects from being efficiently developed.”
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