U. S. Investors’ concerns on infrastructure eased

Investors appear to have brushed aside their interest in the progress of talks on the spending plan of USD 3.5 trillion after the meetings between U. S. President Joe Biden and the Democratic lawmakers.
Advocates encouraged after disappointment over getting USD 1 billion for the equity related projects in bipartisan infrastructure bill, down from USD 20 billion proposed by Biden
The Democratic-run House Transportation and Infrastructure Committee’s proposed the party’s USD 3.5 trillion spending package should include USD 4 billion for reconnecting communities and related projects to overcome the negative impact of highways that cut through neighborhoods tens of years ago.
Biden, in the spring, had proposed spending USD 20 billion on reconnecting neighborhoods in his American Jobs Plan, but such public works would get just 5% of that amount, or USD1 billion.