What’s in it: The infrastructure bill will cost $1.2 trillion over eight years, and offers more than $550 billion in new spending, including:
- $110 billion toward roads, bridges and other much-needed infrastructure fix-ups across the country; $40 billion is new funding for bridge repair, replacement, and rehabilitation and $17.5 billion is for major projects;
- $73 billion for the country's electric grid and power structures;
- $66 billion for rail services;
- $65 billion for broadband;
- $55 billion for water infrastructure;
- $21 billion in environmental remediation;
- $47 billion for flooding and coastal resiliency as well as "climate resiliency," including protections against fires, etc.;
- $39 billion to modernize transit, which is the largest federal investment in public transit in history, according to the White House;
- $25 billion for airports;
- $17 billion in port infrastructure;
- $11 billion in transportation safety programs;
- $7.5 billion for electric vehicles and EV charging; $2.5 billion in zero-emission buses, $2.5 billion in low-emission buses, and $2.5 billion for ferries;
- The bill will include language regarding enforcement of unemployment insurance fraud;
- And it will add $256 billion in projected deficits over 10 years, according to the Congressional Budget Office.