By Dan Calabrese ——Bio and Archives--May 19, 2017
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President Donald Trump will propose $200 billion in infrastructure spending over 10 years in his first budget on Tuesday - funding the administration believes will boost private, state and local spending on projects, a White House official said on Friday. The infrastructure plan, first reported by Bloomberg News, is likely to include funding to encourage state and local governments to lease assets to the private sector to generate funding for other projects. Trump has long pledged a $1 trillion, 10-year plan to modernize U.S. roads, bridges, airports, the electrical grid and water systems, but has so far been vague on how much of the spending would come from the federal government.If the idea here is to spend the $200 billion in the form of federal matching funds, with state and local spending adding to the total, then you could be getting to a higher overall figure - although it's hard to see how it totals anything near $1 trillion over 10 years.
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