Markets Insider
US President Donald Trump is considering an infrastructure plan worth $1 trillion to help revive the economy from the fallout of coronavirus and push ahead with his longstanding goal of spending big on US infrastructure, Bloomberg reported Tuesday.
Bloomberg, citing confidential sources, said a preliminary version is being prepared by the Department of Transportation.
Under the plan, most of the money will be earmarked for infrastructure work in roads and bridges meanwhile the rest of the funds will be devoted to building the US 5G network and improving internet services in rural areas of the country, the sources said.
Trump is due to discuss rural broadband at a White House event later this week.
Read More →