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Trump is reportedly considering a new $1 trillion infrastructure stimulus plan to boost the US economy – Business Insider

donald trump lawn pointGetty Images / Olivier Douliery

  • US President Donald Trump is considering launching a $1 trillion infrastructure stimulus plan, according to Bloomberg.
  • Bloomberg said that most of the funds would go to infrastructure work in roads and bridges, and the rest of the funds would be devoted to improving 5G and rural broadband, confidential sources said. 
  • Trump has been pushing for a $2 trillion infrastructure plan for most of his presidency, but has been unable to get it over the line.
  • Funding has been a major sticking point for previous infrastructure proposals launched by Trump, with Republicans and Democrats disagreeing on how to pay for the plans.
  • Trump is due to discuss rural broadband at a White House event on Thursday. 
  • Visit Business Insider’s homepage for more stories.

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
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