Trump To Unveil $1.5 Trillion Infrastructure Plan

12 February, 2018, 15:59 | Author: Wade Massey
  • White House to increase spending in FY 2019 budget to be released Monday

President Trump will finally be unveiling his long-awaited $1.5 trillion plan to fix and rebuild the nation's crumbling highways, bridges, railroads, airports, seaports and water systems Monday.

Both parties agree that America's infrastructure is in need of some serious work after decades of under-investment, but the $1.5 trillion plan President Trump plans to roll out Monday is still expected to be controversial-especially because of disagreements over where the $1.5 trillion is supposed to come from from.

"Together, we can reclaim our building heritage", he said.

The White House Monday will unveil the main objectives it wants Congress to include in a legislative plan to try to tackle the nation's crumbling infrastructure.

One senior administration official said that President Trump and his Cabinet will be traveling across the nation to sell the infrastructure plan.

"President Trump's infrastructure proposal is a disaster", Shelley Poticha, the managing director of the Healthy People & Thriving Communities Program at the Natural Resources Defense Council, said in a statement.

The White House on Monday will unveil its long-awaited $1.5 trillion infrastructure package aimed at overhauling U.S. public works.

A White House official said the president's FY 2019 budget request will be based on economic growth assumptions of 3.2 percent in 2019, 3 percent in 2021 and 2.8 percent in 2026.

The US$1.5 trillion will come from a range of incentives and instruments in which government funding will play a lesser role than they do now, instead being used to match and leverage local funding.

Olympic 2018 Medal Count: Final Medal Tally for Each Country on Sunday
The strong run by Americans at the winter games included a couple of historic performances - in the mountains and on the ice. However, it is still Norway atop the medal counter, and it is largely because of one event in particular.


Heading home, Pence insists 'no daylight' on North Korea
The 28-year-old is a crucial part of the North's Games delegation led by Kim Yong Nam, North Korea's nominal head of state. The priority for the two Koreas is holding meetings between their militaries to eliminate the risk of armed conflict.


Intel's drones light up Winter Olympics with record-breaking flight
He added that the officials spoke about inter-Korean relations under a "friendly atmosphere" at the Presidential Blue House. The statement from the Ministry of Unification came after the North Korean delegation concluded its three-day visit.


"It could be anything", an administration official said of the non-federal funding sources.

The block grants would allot $20 billion for "transformative programmes" meant for new projects rather than rehabilitation of old infrastructure.

The proposal also calls for US$50 billion for rural infrastructure, with states' governors to be given more latitude to decide on priorities.

Half the money would go to grants for transportation, water, flood control, cleanup at some of the country's most polluted sites and other projects.

Trump also wants to speed up projects by limiting the environmental permitting process to two years.

The second way the White House says the system is broken is in the lengthy federal permitting process, which officials say can take five to 10 years or longer, driving up costs. "But when you look at $300 billion over a 10-year period, you know it makes even a drunken sailor blush". Lawmakers still have to flesh out how that money will be spent in the next few weeks, but it's unclear whether they'll be able to reflect the changes sought by Trump for his infrastructure plan as they do so. The administrations calls the concept "one agency, one decision" and proposes a single timeline for all relevant federal permitting agencies directed by a lead agency.

In a separate interview on "Fox News Sunday", Mulvaney said that the budget proposal Trump is set to release Monday would contain money for his controversial wall along the U.S. -Mexico border.

This plan is one of the president's biggest campaign promises. "What we're saying to states is, we would like you to increase your investment in infrastructure". Finally, the administration plan asks that Congress spend $10 billion on a capital financing fund. Gribbin said the White House is open to that idea, but hasn't ruled anything out. Officials said the $200 billion in federal support would come from cuts to existing programs. A growing number of Republican congressional leaders have called for spending and regulatory reforms to welfare programs and Medicare and Medicaid, critics say those cuts could be used to fund their tax and infrastructure programs.

In its background briefing, the White House said that its budget would include cuts to many programs, none of which could be tied directly to the $200 billion increase for its infrastructure program.

Recommended:

  • Iraq Seeks $88 Billion For Reconstruction

    Iraq Seeks $88 Billion For Reconstruction

    However, the U.S. provided Iraq with over $600 million in humanitarian funding for the fiscal year of 2017, according to U.S. The housing sector has the most urgent need for funds, he added.
    South Africa marks 28 years of Mandela's prison release

    South Africa marks 28 years of Mandela's prison release

    He is also reportedly seeking legal protection for his family and other associates who have been involved in controversial deals. A senior ANC source told Reuters that the executive committee would meet at 2 pm (1200 GMT) in Pretoria on Monday.
    Conte threatens to

    Conte threatens to "stop improving" Chelsea players over transfer frustration

    Last season, our work allowed us to reach an incredible target. "I think we are ready". A club can take different decisions -it's the same for me. "It's very hard to smile".
  • Isaiah Thomas 'Tired Of Being Traded', Rather Stay With Cleveland Cavaliers

    Isaiah Thomas 'Tired Of Being Traded', Rather Stay With Cleveland Cavaliers

    In return they received Larry Nance Jr ., Jordan Clarkson , George Hill and Rodney Hood , as well as a second round draft pick. Also, teams have become hesitant to trade first-round picks, which teams often want when they're dealing a top player.
    Ukraine Contributes to Success of Falcon Heavy Test Flight

    Ukraine Contributes to Success of Falcon Heavy Test Flight

    Tesla's Autopilot program has been going through a period of upheaval, with three division leaders in roughly a year. As the the roadster sped into an orbit between Earth and Mars , David Bowie's "Space Oddity" played on the radio.
    Israel and Palestinians both hindering peace plan

    Israel and Palestinians both hindering peace plan

    A lot of our allies have consular presences in the city, some countries have consular presences in East and West Jerusalem. The remarks are consistent with the way Trump talked about settlements in a similar interview with Bismuth past year .
  • Professor replaced after insisting Australia isn't a country

    Professor replaced after insisting Australia isn't a country

    Why? "That error made it almost impossible for you to accurately complete your week 2 research outline correctly", she replied. The professor responded again, saying she would review her assignment after she did some "independent research".
    Instagram is Testing Screenshot Alert Feature for Stories

    Instagram is Testing Screenshot Alert Feature for Stories

    The feature will show creators a notification when a follower takes a screenshot of their story, reports TechCrunch . Earlier, the alerts for screenshots were provided when someone would take a screenshot of a private direct message.
    Flexible 'e-skin' can heal itself

    Flexible 'e-skin' can heal itself

    It has a range of applications, from prosthetics to biomedicine, which were detailed in the study published by Science Advances . All these unique properties of the e-skin are possible due to the covalent bond of the dynamic network polymer called polyimine.
  • Kim Jong Un's sister is stealing the show at the Winter Olympics

    Kim Jong Un's sister is stealing the show at the Winter Olympics

    South Korean television showed its smiling president entering a reception room Saturday and shaking hands with the North Koreans. Communications director Jarrod Agen tweeted a laudatory review of Pence's evening: "VP stands and cheers for USA athletes".
    Tesco plans a chain of discount stores

    Tesco plans a chain of discount stores

    Aldi has topped the annual Which? supermarket satisfaction survey as value for money continues to be the key driver for shoppers. Aldi has unseated Waitrose as the nation's favourite supermarket, according to the results of an annual survey published today.
    Serie A: Juve, pratica viola archiviata (0-2) e rivola in testa

    Serie A: Juve, pratica viola archiviata (0-2) e rivola in testa

    Guida alla fine annulla tutto e assegna, come gli viene suggerito in auricolare, un fuorigioco precedente al tocco di mano. I bianconeri tornano, almeno temporaneamente, in testa alla classifica, grazie all'ottava vittoria consecutiva.


Popular

Gigi Hadid Slams Body Shamers Who Called Her 'Too Skinny' At NYFW
The girlfriend of Zayn Malik also said that =she's consistent with her eating and her slim figure 'isn't what I want it to be'. She urged readers to "learn to have more empathy for others" and to realise that "you never really know the whole story".

New Horizons probe captures images at record distance from Earth
Now the unit is on its way to its new objective , the double asteroid 2014 MU69 to which he will arrive in January 2019. So long as the mission goes according to plan, New Horizons could hold on to its lead for a long time.

Trump Admin Willing to Talk to North Korea — Pence to WashPost
It warned against agreeing to talks before North Korea scrapped its nuclear program, saying it would only "benefit the enemy". While South Korea hasn't suspended the joint military exercises, it has agreed to delay them this year.

Philippines to completely ban workers from working in Kuwait
He also alleged Arab employers routinely raped their Filipina workers, forced them to work 21 hours each day and fed them scraps. To date, some 2,229 Filipinos have been issued travel documents, and 1,754 of them have been granted immigration clearances.

Sensex ends 407 points lower; Nifty settles at 10454
Last week on Friday, the key equities plunged into the negative territory amid a global sell-off. Only three stocks - State Bank of India , Coal India and NTPC - declined on the Sensex.

AbbVie Inc (NYSE:ABBV) Holdings Reduced by South State Corp
Folger Nolan Fleming Douglas Capital Management Incorporated has invested 0.32% of its portfolio in AbbVie Inc. (NYSE:ABBV). Grantham Mayo Van Otterloo Commerce invested in 0.01% or 14,900 shares. 106 funds opened positions while 620 raised stakes.

Five-year-old boy dies after falling into Co Antrim river
He confirmed that child was recovered from the water and was flown by air ambulance to the Royal Belfast Hospital for Sick Children.

Tottenham 1-0 Arsenal: Five things we learned
A single headed goal from Harry Kane was enough to edge Tottenham the win over rivals Arsenal in Saturday's North London Derby. We played incredible football, we created a lot of chances. "That is a little bit unfair when you compare us with another".

Kim Jong Un invites South Korean President to Pyongyang
"She ( Kim Yo Jong ) is not charming, she is a dictator's sister", Laila said."She is not looking after North Korean people". The day led to a previously unimaginable moment of Kim Yo Jong sitting next to South Korean President Moon Jae-in and U.S.

Snapchat Introduces Live Video, will Broadcast Winter Olympics
U.S. and CNBC will fill in some gaps, adding a few hours of coverage of specific events, at roughly the same time each day. If you're on a tablet or a smartphone, the NBC Sports mobile app will carry the same content as the website.