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Seeking Alpha 2021-05-31 11:21:08

White House gives Republicans a week to show infrastructure progress

Infrastructure talks need to show a "clear direction" toward agreement by the time Congress returns from recess on June 7, according to the Biden administration, signaling Democrats might be preparing to go it alone if negotiations do not move fast enough. Before the week extension, Biden had set Memorial Day as a deadline for making progress on the talks. "I think we are getting pretty close to a fish-or-cut-bait moment," Transportation Secretary Pete Buttigieg told CNN's State of the Union. "We believe in this process, but also very much agree that this can't go on forever.""The American people want results," added Buttigieg. "We are 13th place in infrastructure as a country now and probably heading in the wrong direction. The President keeps saying inaction is not an option and time is not unlimited here."The negotiations: The White House started at $2.3T, while Senate Republicans began at around $600B. Democrats then

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