Senate Republican says challenging to pass U.S. infrastructure bill

WASHINGTON (Reuters) – The U.S. Senate’s second highest-ranking Republican said on Tuesday it will be “challenging” to win approval of an infrastructure bill and added Congress may not pass legislation this year.

Senator John Cornyn, a Texas Republican, told reporters Tuesday that the Senate may not “have time to get to” infrastructure this year, his office confirmed.

President Donald Trump wants Congress to approve $200 billion in federal spending over 10 years designed to spur $1.5 trillion in infrastructure spending. But it faces strong opposition from Democrats.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.