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Biden administration weighs $4 trillion in fresh economic spending

The price range does not include separate proposals to make child tax credits and other benefits to lower-income Americans

Joe Biden
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US President Joe Biden

Steve Holland & Jarrett Renshaw | Reuters Washington DC
US President Joe Biden will be briefed by advisers this week on infrastructure, climate and jobs proposals being considered by the White House that could collectively cost as much as $4 trillion, according to people familiar with discussions.
 
Biden advisers are weighing a price tag of between $3 trillion and $4 trillion for new legislative action, including repairing the country’s crumbling infrastructure and tackling climate change, one source said.
 
A second source said Biden advisers have a package of proposals totalling up to $3 trillion for infrastructure and other priorities they are discussing with the president this week.

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