Breakingviews - U.S. stimulus is map for infrastructure bonanza

Reuters
 By Gina Chon
 March 8, 2021
 

WASHINGTON (Reuters Breakingviews) - Uncle Sam’s latest big handout offers a road map for a U.S. infrastructure bonanza. Senate passage of $2 trillion in economic aid offers hope for new roads, bridges and airport runways. The slim Democratic majority used a parliamentary trick to bypass Republicans, which they can also apply to President Joe Biden’s next, pricier, priority. Companies should prepare to be asked to pay some of the bill.

Biden is on the cusp of his first major legislative victory. The plan passed on Saturday adds $300 a week to unemployment benefits through the end of the summer while individuals making up to $75,000 a year will each get a check of $1,400. The House is expected to consider the bill on Tuesday.

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