Home Business White House makes $1.7 trillion infrastructure counteroffer to GOP

White House makes $1.7 trillion infrastructure counteroffer to GOP

White House Press Secretary Jen Psaki speaks during a briefing at the White House in Washington, U.S., May 20, 2021.

Kevin Lemarque | Reuters

WASHINGTON — White House aides working on a bipartisan infrastructure deal made a counteroffer on Friday to Republican senators, reducing their initial proposal by $600 billion.

The latest offer would cost $1.7 trillion over a decade, White House press secretary Jen Psaki said.

In order to trim the original $2.3 trillion plan down to $1.7 trillion, the White House would reduce funding for rural broadband, as well as for bridges and roads.

A video conference call between key GOP senators and White House negotiators began shortly after lunch on Friday.

This is a developing story, please check back for updates.