Kyiv.Ukraine.Ukraine Gate – November 16,2021- US President Joe Biden formally approved a law on infrastructure investment that provides for the allocation of public funds worth about $1.2 trillion, as the signing ceremony was held on Monday in the lawn in front of the White House.
“My message to the American people is that America is moving forward again, and your life will change for the better,” Biden said during the ceremony.
It is expected that the large-scale law, which has gained bipartisan support, will help create additional jobs across the country and improve the infrastructure of the United States in the post-pandemic period.
The Infrastructure Investment Initiative was introduced to Congress by the Biden administration along with another $ 1.75 trillion bill on social support and the fight against climate change. US Treasury Secretary Janet Ellen said both initiatives would help reduce inflation, which has engulfed the country amid the coronary crisis.
The “social” bill, initiated by the Biden administration, is currently being considered by Congress.