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Economics

Trump Team Weighs $1 Trillion for Infrastructure to Spur Economy

  • Push comes with current funding law set to expire on Sept. 30
  • Democrats unveiled their own $500 billion proposal this month
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WATCH: The proposal could be just what the U.S. economy needs, says KPMG Economist Yael Selfin.(Source: Bloomberg)
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The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, according to people familiar with the plan.

A preliminary version being prepared by the Department of Transportation would reserve most of the money for traditional infrastructure work, like roads and bridges, but would also set aside funds for 5G wireless infrastructure and rural broadband, the people said.