President Trump and Congressional Democrats Agree on the Size of an Infrastructure Package to Address: $2 Trillion
President Trump met with Democratic Congressional leaders, including House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, today at the White House to discuss the size of an infrastructure package. Reports coming out of today’s meeting reflect that President Trump and the Democrats agreed to work on a $2 trillion package over 25 years.
This was the first meeting the President, Speaker and Minority Leader have had since the new Congress came into session in January. That this first meeting was focused on infrastructure reinforces our individual discussions that there is a desire by both parties to get something done.
A dozen Democrats met with President Trump, who was joined by members of his Administration including Transportation Secretary Elaine Chao and National Economic Council director Larry Kudlow among others, according to a list provided by the White House.
Both Speaker Pelosi and Senate Minority Leader Schumer exited the meeting, characterizing it as productive. As reported by Politico, Sen. Schumer is quoted as saying, “It was a very constructive meeting. It’s clear that both the White House and all of us want to get something done on infrastructure in a big and bold way. And there was goodwill in this meeting, and that was different than some of the other meetings that we’ve had, which is a very good thing.”
The two sides agreed to meet again in three weeks, as the Democrats asked for President Trump to then discuss his ideas on funding at that time.
As infrastructure gains steam, it will be critical for us to marshal our resources effectively as an association and an industry with our strategic allies.