Economy
April 1, 2021
Biden’s Historic Infrastructure Plan Not Just Roads and Bridges
Written by Tim Triplett
The Biden administration’s ambitious American Jobs Plan, which calls for an historic investment in the nation’s infrastructure, offers enormous promise for the U.S. economy and steel demand, but it faces pushback on several fronts.
President Biden addressed the nation from Pittsburgh yesterday afternoon to pitch his vision for an eight-year, $2-trillion infrastructure spending plan that goes far beyond improvements to roads and bridges. “It’s not a plan that tinkers around the edges. It’s a once-in-a generation investment in America, unlike anything we’ve seen or done since we built the Interstate Highway System and the Space Race decades ago,” he said.
