President Trump to Announce Funding for $1.5 Trillion Infrastructure Plan

President Trump to Announce Funding for $1.5 Trillion Infrastructure Plan

President Trump to Announce Funding for $1.5 Trillion Infrastructure Plan

The official added that they are working to make sure that they do not engage in "project-picking".

White House officials said they hope the long overdue need for repairing crumbling bridges, roads and other infrastructure, and popular support for such fixes, will draw strong bipartisan support in Congress for the plan. That could be disappointing news for many state and local leaders who have been skeptical of the effort.

Half of the $200 billion would be doled out through competitive program, allowing local and state authorities to apply for federal support.

The current plan, said the official, would also allocate $50 billion for rural infrastructure projects that will be block granted to states, and another $20 billion for "transformative programs" that have an eye towards "next-century-type" infrastructure projects.

"And I can tell you that that's not the choice that many of us on Capitol Hill believed was before us", Meadows added.

The remaining $10 billion would go into a capital financing fund, which the administration says would go toward funding federal government office building infrastructure.

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But only $200 billion of the $1.5 trillion would come from federal money. In other words, the federal government would pay only about 13 percent of the cost of its infrastructure initiative. "And we will do it with American heart, and American hands, and American grit", Trump said. "And right now the top priority for this president was getting the Defense Department the money necessary to defend the nation".

The fund would largely help with government accounting rules, but it would go toward federal building projects.

The administration has pushed for public-private partnerships to spur infrastructure action across the United States, even as NBC News has reported that Trump himself is waffling on the funding idea.

"But I can tell you the real problem with this particular one is that our leadership caved".

Today president Trump is scheduled to unveil the plan for one of his biggest campaign promises - a promise reiterated a couple weeks ago during his State of the Union address. The account, which is funded by motor fuel taxes, has repeatedly run into the red over the last decade.

Mick Mulvaney, director of the Office of Management and Budget, unveiled an outline of the president's budget agenda on Sunday night, saying in a statement the budget will "fund what we must" and "cut where we can".

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The spending spree, along with last year's tax cuts, has the deficit moving sharply higher with Republicans in control of Washington. Gribbin committed to leaving major pots of money intact, such as the Highway Trust Fund, but said that some existing spending may be "repurposed". Signatories included the National Governors Association, the U.S. Conference of Mayors, the National League of Cities, the National Conference of State Legislatures and the American Association of State Highway and Transportation Officials.

The plan should stimulate investment of 1.5 to 1.7 trillion Dollars in new infrastructure, according to the White House. But the administration is not asking Congress to do that, either. "In fact, Congress passed a law week that basically undid the budget before it was even submitted".

President Trump will also today release his budget plan for the coming fiscal year. White House officials noted there are five to six committees with jurisdiction in each of the House and Senate.

Trump on Friday signed a $400 billion budget deal that sharply boosts spending and swells the federal deficit, ending a brief federal government shutdown.

The deal, the fifth temporary funding measure for the fiscal year that began October 1, replenishes federal coffers until March 23, giving lawmakers more time to write a full-year budget. The president wants federal officials to make a decision in two years or less.

To cut down on delays and interagency conflicts, the plan would assign one agency to take the lead on permitting for each project, known as "One Agency, One Decision". With the new spending, the federal deficit is expected to jump to $1.2 trillion in 2019. They will then issue permits over a three month period, he said.

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The president's immigration enforcement budget also includes $2.7 billion "to pay for an average daily detention capacity of 52,000" immigrants living in the United States illegally.

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