In today’s polarized political climate, few issues in Washington receive bipartisan support. Investment in the nation’s infrastructure, however, is a notable exception – and with good reason. A 2021 report from the American Society of Civil Engineers assigned U.S. public infrastructure an average letter grade of “C-” based on performance in 17 major categories, including roads, drinking water, transit, dams, and bridges. According to the report, the U.S. needs to invest an additional $2.6 trillion in infrastructure over the next 10 years.
To help address this shortfall, President Joe Biden signed the Infrastructure Investment and Jobs Act into law in November 2021. The bill authorizes $1.2 trillion in federal spending over a five-year period, including $550 billion in new spending to rebuild public works and transportation infrastructure. (Here is a look at Biden’s approval rating in every state.)
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