Views Article – Sharenet Wealth

News, North America

Democrats may scrap $20 bln in matching funding in spending bill amid Republican opposition on labor -sources

WASHINGTON, July 23 (Reuters) – Democrats may scrap plans to create an infrastructure bank in the $1.2 trillion bipartisan spending bill after Republicans opposed a provision intended to lift workers’ wages, according to three people familiar with the discussions.

A decision to remove funding for the bank would be aimed at resolving a log jam over U.S. President Joe Biden’s top legislative initiative, as lawmakers scramble to finalize key details of the plan ahead of the Senate’s typical August recess. (Reporting by Jarrett Renshaw in Philadelphia and Susan Cornwell in Washington Editing by Trevor Hunnicutt and Matthew Lewis)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.