Biden: The infrastructure bill and job growth are "huge steps" for the country, a blueprint for rebuilding America's blue-collar workforce

Bloomberg November 7 news, US President Biden celebrated the Passage of the House of Representatives through the largest infrastructure bill in the United States in decades.

Speaking about the bipartisan infrastructure investment bill totaling about $1 trillion and the October non-farm payrolls report that exceeded economists' expectations, Biden said at the White House on Saturday that "as a nation, we have taken a huge step forward." ”

Biden said the infrastructure bill would mean millions of new jobs, adding that most of them would not require a college degree. "We're creating more jobs, having unions and not being able to outsource, and they're going to change our transportation system," he said.

"For all people who feel left behind and forgotten in this rapidly changing economic environment, this bill is for you," he said, "and it's a blueprint for rebuilding America." ”

According to Xinhua News Agency, the US House of Representatives voted on the evening of the 5th to pass a cross-party infrastructure investment bill totaling about $1 trillion. The U.S. House of Representatives passed the Infrastructure Investment and Jobs Act that night by a vote of 228 in favor and 206 against.

The bill includes funding existing federal public works projects and adding about $550 billion over five years to build transportation infrastructure such as roads and bridges, and to update water systems, power grids and broadband networks. The U.S. Senate passed the bill in August.

U.S. Treasury Secretary Janet Yellen issued a statement that night saying that a country's economic strength depends on infrastructure strength, and congress's passage of this infrastructure investment bill will help drive U.S. economic growth while making economic growth more resilient and sustainable.