Free Trial

FOX-Biden, Capito Likely To Talk Infra Again Today

US

FOX's Chad Pergram tweets: "Biden/Capito likely to talk again today about infrastructure."

  • The announcement of further talks between the president and Republican US Senator Shelly Moore-Capito (R-WV) - who is leading the GOP efforts to reach a bipartisan deal on the multi-trillion dollar infrastructure bill - comes just a day after Capito had stated that "We made a good, robust effort — the biggest infrastructure package ever, with pay-fors we delineated. And instead, it's not enough...We're going to keep talking. But I'm not coming back with anything in the next 24 hours."
  • The two sides remain a significant distance apart, with Biden lowering his initial offer from USD2.3trn to USD1.7tr (all new spending), while the Capito-led offer totals USD928bn over seven years, but with just USD257bn of new spending that Congress was not anticipating already authorising.
  • Should the Biden-Capito talks fail to make any progress, another bipartisan group of senators, led by former GOP presidential candidate Sen. Mitt Romney (R-UT) have said they have a plan to put forward, although as of yet have not released any details on numbers.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.