Pennsylvania Republican weighs in on the bipartisan infrastructure plan on ‘Kudlow’<\/p>\n
President Biden will host a meeting with business and labor leaders at the White House on Thursday afternoon to discuss the bipartisan infrastructure framework after a temporary setback for the $1.2 trillion measure when Senate Republicans sunk a key procedural vote.<\/p>\n
During the meeting, Biden and Vice President Kamala Harris are expected to highlight the "strong support and urgent need for the bipartisan infrastructure framework," according to a copy of the president's schedule. <\/p>\n
REPUBLICANS EXCORIATE DEMOCRATS' $3.5T SPENDING PLAN AS 'RECKLESS' AMID SURGING INFLATION<\/u><\/strong><\/p>\n Attendees are expected to include Business Roundtable CEO Josh Bolten and Chamber of Commerce CEO Suzanne Clark, along with union leaders such as Lonnie Stephenson of the International Brotherhood of Electrical Workers, Terry O’Sullivan of the Laborers’ International Union of North America and Kenneth Rigmaiden of the International Union of Painters and Allied Trades, according to Bloomberg News.<\/p>\n The meeting comes one day after Senate Republicans sunk a key procedural vote for the still-unfinished plan as lawmakers rush to craft the legislative text. Despite the failed vote, members of both parties – as well as Biden – insisted they are committed to moving forward with the infrastructure agreement as early as next week.<\/p>\n INFLATION COULD DERAIL ECONOMIC RECOVERY FROM PANDEMIC, IMF WARNS<\/u><\/strong><\/p>\n Asked Wednesday during a CNN town hall in Cincinnati whether he believed Congress would eventually pass the measure, which includes $579 billion in new funding, Biden said: "The answer is absolutely positively yes." <\/p>\n The bipartisan bill – which would invest billions in traditional infrastructure projects such as roads and bridges, transit, airports, public transportation and broadband – has widespread support among businesses and labor organizations. <\/p>\n At the beginning of July, the Chamber of Commerce, the National Association of Manufacturers and the AFL-CIO among others joined forces to launch the "Coalition of Bipartisan Infrastructure Investment," pressing lawmakers to approve the new funding. <\/p>\n