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Business Daily

The US and its trillion dollar infrastructure bill

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 16 September 2021

⏱️ 19 minutes

🧾️ Download transcript

Summary

The physical infrastructure of the United States is crumbling and businesses there are feeling the effects. So why is this bill that aims to restore roads, bridges and communications facing such a treacherous political road ahead? Successive Presidents have tried and failed to get something done about it. Now President Biden is having a go. A farmer in Mississippi tells Will Bain about the impact poor roads have on his business. He also hears from Emily Feenstra from the American Society of Civil Engineers who outlines just how bad the situation is and from the former Democratic Governor of Pennsylvania Ed Rendell who now co-chairs the infrastructure think-tank Building America's Future. (Picture credit: Getty Images)

Transcript

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0:00.0

Hello, I'm Will Bayon. Welcome to Business Daily from the BBC. On the program today, America's

0:07.5

infrastructure is aging and crumbling to the point where it's making it difficult to just get on

0:12.8

with your job. The biggest issue we were having here when those bridges east of us were out is the

0:18.5

turnaround time of getting trucks back to the field.

0:22.1

So why then is there so much controversy about a proposed one trillion dollar spending package

0:27.2

that would aim to solve it? The answer? Once again, politics.

0:32.3

Everyone knows that the American infrastructure is in trouble and needs to be revitalized.

0:37.3

If we can't do this in a bipartisan fashion, I fear we can't do anything.

0:42.3

So can President Biden get one of his key campaign pledges passed, or will it be run off the road?

0:48.6

We'll explore all that on Business Daily from the BBC.

0:55.1

It's not a plan that tinkers around the edges.

0:58.7

It's a once-in-a-generation investment in America,

1:02.5

unlike anything we've seen or done since we built the interstate highway system

1:08.7

and the space race decades ago.

1:11.1

That's the pitch from President Biden about his planned $1.1 trillion infrastructure bill,

1:16.4

which if it becomes law, would pour much-needed resource into roads, bridges and dams.

1:21.7

The president has high hopes for it.

1:23.6

It modernizes transportation infrastructure, our roads, our bridges, our airports.

1:29.1

It puts people to work to repair and upgrade that we badly need.

1:34.6

It makes it easier and more efficient to move goods, to get to work, and to make us more

1:41.8

competitive around the world. When someone wants to come in the area

1:46.1

and a company wants to invest, what do they ask? Where's the first rail bed? How can I get to the

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