« 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.
