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.

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.

United Kingdom steps up charges against Barclays over Qatar financing
In 2008, to avoid a government bailout, Barclays took a £12bn loan from Qatar Holdings, which is owned by the state of Qatar . At the time, the SFO had not yet decided whether to charge the Barclays Bank unit over the loan as well.

Pence: The United States is ready to talk with North Korea
North Korea's state media also sharply criticized Pence. "Kim Yo Jong's power exists because of proximity to the leader himself". Later, he skipped a formal dinner at which he was due to share a table with North Korea's ceremonial head of state Kim Yong Nam.

"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.



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.

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.

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.

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".

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 .

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.

Pence says there is "no daylight" between United States and South Korea
But conservatives in the South are furious at the initiative, accusing President Moon Jae-in of being a North Korean sympathiser. Hoping to discern what she's thinking, analysts pored over video of her eyes, and remarked on the tilt of her chin.

Trump, Kim Jong Un impersonators tossed from Olympics opening ceremony
But North Korea's record on human rights and the growing threat from its nuclear weapons program appeared out of mind. Pence said the United States and South Korea were closely aligned in their approach to dealing with North Korea.

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.