Bipartisan Senate Group Seals $1.2 Trillion Infrastructure Deal

A bipartisan group of 10 senators has agreed to pitch a $1.2 trillion eight-year infrastructure spending package to President Joe Biden, according to people familiar with the deliberations.

The proposal, backed by Republicans including Mitt Romney and Democrats including Joe Manchin, calls for $579 billion in net new spending beyond outlays that Congress was already expected to enact, according to the people.

That is still well below the $1.7 trillion Biden had proposed in his direct talks with a Republican group of senators led by Shelley Moore Capito of West Virginia. The Biden-Capito negotiations ended in failure earlier ...