“The investments in the president’s agenda would be a sweeping overhaul of our national infrastructure,” the Treasury secretary said.
Treasury Secretary Janet Yellen pushed for Congress on Tuesday to support the Biden administration’s “Build Back Better” initiative, hopeful it will bring improvements on infrastructure and environmental needs, the Associated Press reported. “Over the course of American history, we have seen inflection points where policymakers had the courage to think big and act big to address long-standing flaws in the prevailing economic landscape,” Yellen said in remarks before the National Association for Business Economists. “We face a similarly significant moment today where Congress can think big and act big to decisively send us down a better path.” The $3.5 trillion initiative, along with a $1 trillion bipartisan bill, would bring improvements to roads, passenger and freight rail systems, and bridges that Yellen said have been “in disrepair and unsafe for decades.
