President Joe Biden on Monday signed into law a sweeping bipartisan infrastructure package, completing the most significant legislative victory of his presidency and the largest investment in the country’s infrastructure in decades.
The bill, priced at $1.2 trillion, will tackle nearly every facet of American infrastructure, including public transportation, roads, bridges, ports, railways, power grids, broadband internet, as well as water and sewage systems.
The package, which includes $550 billion in new spending, is meant to repair and enhance the country’s beleaguered infrastructure, which has languished as investment has slowed. About $650 billion of the funding will be reallocated from already existing projects and funds.
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