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Democrat to Push $300 Billion Bond Plan to Fund Infrastructure

  • Debt would be sold to pensions at yields exceeding Treasuries
  • House Democrats planning major infrastructure bill in 2019
relates to Democrat to Push $300 Billion Bond Plan to Fund Infrastructure

A top House Democrat plans to propose that the federal government sell 40-year bonds to capitalize a U.S. infrastructure bank, indicating that the party may seek common ground with President Donald Trump on an issue that stalled in the Republican-led Congress.

U.S. Representative John Yarmuth of Kentucky, who is set to lead the House Budget Committee, said he plans to introduce legislation in January that would authorize the bond sales and create the infrastructure bank. He expects it could get rolled into a broader public-works package that Democrats want to pass after taking control of the House in January.