I wanted to update you on what seems to be the state of play on negotiations for an infrastructure bill.
There appears to be some momentum for a purported deal created by the latest bipartisan “gang”, either called the G20 or the ‘problem solvers caucus’. (The first step of bipartisaning is to come up with a cheesy or cloying name.) This is the deal which is rather incongruously labeled as a $1.2 trillion infrastructure deal with $579 of “new spending.” That sounds like a $579 infrastructure deal to me. But let’s set that aside for the moment.