President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.
Biden will meet with the senators Thursday at 11:45 a.m. Washington time, and White House aides involved in the talks indicated to the lawmakers that he would support the plan once the details are nailed down, two people familiar with the matter said.
“We are very, very close,” Republican Senator Rob Portman of Ohio, one of the leaders of the Senate group, said after Wednesday’s round of discussions with Steve Ricchetti, counselor to the president, and other Biden aides.
Although some of the details of the package for roads, bridges and other projects are still to be resolved, White House Press Secretary Jen Psaki said the talks had produced enough progress toward a potential agreement that the “president has invited the group to come to the White House tomorrow to discuss this in person.”
Senate Majority Leader Chuck Schumer said he and House Speaker Nancy Pelosi had agreed to try to hold votes on a bipartisan infrastructure package and a budget resolution setting up fast-track legislation with the rest of Biden’s $4 trillion economic plan in July.
The 10-member bipartisan group announced agreement on a framework for an infrastructure plan late Wednesday following days of negotiations with key administration aides.
“We didn’t agree on everything,” Portman said, adding that the group also would begin reaching out to other lawmakers to drum up support.
Ricchetti declined to comment as he left the negotiations except to say, “we had a really good meeting.”
The meeting with Biden marks a significant step forward in the effort to put together a package of infrastructure spending that can draw enough votes from both parties to get through Congress, particularly the Senate where at least 10 Republicans would have to support advancing the legislation.
Previous attempts to negotiate an agreement with Republicans led by West Virginia Senator Shelley Moore Capito collapsed after Biden rejected their proposal as inadequate. The bipartisan group, a core of five Democratic and five GOP senators, then began working on their own approach.
The Senate group was striving to reach an agreement before the chamber leaves Washington for a two-week break that begins Friday.
The senators didn’t provide details on their framework. The amount of new spending in the plan decreased to $559 billion from $579 billion by re-purposing $20 billion in previously appropriated broadband funds to count as part of the $65 billion in broadband funding that was part of their original framework, according to a person familiar with the matter.