"The adoption of the infrastructure law is a monumental step forward": the American president

President Joe Biden on Saturday welcomed the $1.2 trillion infrastructure investment package adopted by Congress on Friday. This was a "monumental step forward" for the country, he said and added that the law would help those who felt left behind by economic changes. The act passed by Congress assumes spending $1.2 trillion on modernization and expansion of infrastructure over seven years.

It is one of the largest investment plans of this type in the history of the country. According to President Biden, who has been promoting the program in recent months during his visits to the whole country, investments are to ensure America's sustainable economic development, create millions of jobs and be a key element in competition with China, which has spent many years spending huge amounts on modernizing infrastructure. The law was passed after almost half a year of negotiations and, at times, fierce disputes, mainly between the centrist and left-wing wing of the Democratic Party.

(Puls Biznesu)