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Biden Pitches $2.2 Trillion Infrastructure Plan as Vital to Keep Up With China

Bloomberg Quicktake: Now
President Joe Biden promoted his $2.25 trillion infrastructure plan in a White House speech on Wednesday, and described its passage as urgent to keep the U.S. competitive against China.

“It’s a once-in-a generation investment in America,” Biden said. “It is a the single largest investment in American jobs since World War II.”

Ahead of his remarks, administration officials said the plan -- criticized by many congressional Republicans for including corporate income taxes -- enjoys broad support from ordinary Americans and is overdue after decades of under-investment in roads, child care and other programs.

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