Transcript for Biden, senators agree to framework of $1.2 trillion infrastructure deal
I a long awaited agreement on an infrastructure bill you we have a deal president Biden in a group of ten bipartisan senators agreeing to a framework. For roughly one point two trillion dollar infrastructure plan. We've agreed. On the price tag it thus go. And how to pay for. It was not easy to get agreement on all three but it was sent zone. The package includes 579. Billion dollars in new spending over five years toward traditional infrastructure like roads bridges and broadband Internet. The president admitting that's less than he hoped but touting a rare moment of bipartisanship. Neither side got everything they want this view. And that's what it means to compromise. Any and it reflects something important. Reflects consensus. The package still faces a long road ahead in the house some Democrats are pushing for trillions more in spending on climate change. And on so called human infrastructure like child care and education. House Speaker Nancy Pelosi insists the bipartisan plan will go nowhere and less it's past alongside a separate bigger budget bill that includes those democratic priorities. We will not take up a bill in the house. Until the senate passes. The bipartisan bill. And an interest and eight reconciliation bill. Now there are no corporate tax hikes to help paper this bipartisan infrastructure deal as the White House had originally proposed. Instead the pay forest include reforming the IR rest to close tax caps. And redirecting unused emergency corona virus relief funds officials the ABC news Washington.
This transcript has been automatically generated and may not be 100% accurate.