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Business Highlights: Infrastructure wait, solar ambitions
by The Associated Press
Last Updated May 24, 2021 at 5:58 pm EDT
White House ‘eager’ for GOP counteroffer on infrastructure
WASHINGTON (AP) The White House says President Joe Biden is awaiting an infrastructure counteroffer from Senate Republicans. But talks are at standstill before a Memorial Day deadline. A core group of GOP negotiators rejected Biden’s latest $1.7 trillion proposal as too big. White House Press Secretary Jen Psaki said Monday the president is “eager to engage” with Republicans. No new talks are scheduled. Psaki said the Republicans have “a ways more to go” to find common ground with the administration. Biden dropped $500 billion from his initial $2.3 trillion offer. Psaki said Republicans raised their $568 billion offer by about $50 billion.
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