We’ve been down this road before: Washington seems to agree broadly on legislation to revamp the nation’s infrastructure, only to get hung up on pesky details. An example was the recent exchange between Senate Majority Leader Mitch McConnell (R-KY) and House Transportation and Infrastructure Committee Chair Peter DeFazio (D-OR). McConnell reiterated his reservations – already in clear view after President Trump called for a $2 trillion package last month – about huge deficit-financed federal spending on infrastructure. DeFazio responded by doubling down on a “massive investment” in public works “[j]ust like the New Deal of the 1930s”.
Read the full story here.