Budget chief: Trump wants to spend $200B on infrastructure

Budget chief: Trump wants to spend $200B on infrastructure

President Trump’s budget chief says a yet-to-be unveiled infrastructure plan would use $200 billion in taxpayer money to upgrade U.S. roads, bridges and airports, according to Bloomberg News.

Although Trump has called for a $1 trillion package, the administration has long emphasized that a large portion of that cost would come from the private sector though public-private partnerships.

The ratio of private sector dollars to federal funding is expected to be about 5-to-1.

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“We’re certainly going to spend some money,” Mick Mulvaney, director of the Office of Management and Budget, said at an event sponsored by the Institute of International Finance on Thursday. “The president wants a trillion dollars' worth of work on the ground and we’re going to give it to him.”

The package is “in its early discussions” and won’t be ready until the fall, Mulvaney added, but he said some details will emerge in the president’s fiscal 2018 budget proposal.

There have been mixed signals coming from the administration about the timeline for the infrastructure proposal. Transportation Secretary Elaine Chao said it could come in late May, while DJ Gribbin, special assistant to the president on infrastructure policy, has said it’s “still a little bit up in the air.”

The timing could also depend on whether Trump attaches it to another legislative priority like tax reform or healthcare.

 The White House will “probably use it with something else that’s a little bit harder to get approved, in order to get that approved,” Trump said during a visit to Wisconsin on Tuesday. “But infrastructure is coming, and it’s coming fast.”