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America's aging infrastructure: What would $2 trillion actually buy?

America's aging infrastructure: What would $2 trillion actually buy?

CBS News
MAY 2, 2019 / 2:21 PM / MONEYWATCH

  • Congressional leaders and President Donald Trump agree the U.S. must spend at least $2 trillion to fix the nation's aging infrastructure -- that comes to about 0.8 percent of U.S. GDP.
  • The American Society of Civil Engineers gives America's infrastructure a D+, calling current levels of investment "woefully inadequate."
  • Perhaps the top priority is fixing the country's crumbling roads, highways and bridges -- the costs for that could easily top $1 trillion.

Even as partisan conflict divides Washington, lawmakers across the political aisle agree on one thing: America's crumbling and outdated roads, bridges, levees and other vital infrastructure are in dire need of repair. There's even general consensus -- at least in principle -- about what that mammoth rebuild might cost: $2 trillion over 25 years.

That's where the good vibes end. Democrat and Republican leaders disagree over how to pay for such an overhaul, and pundits say a major piece of legislation is unlikely to survive the political gantlet before the 2020 election. Still, hope springs eternal: President Donald Trump, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are due to meet later this month to discuss how to fund a national infrastructure upgrade. Read on to see what might be on the table... FULL ARTICLE

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