Trump Team Weighs $1 Trillion for Infrastructure to Spur Economy

The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, according to people familiar with the plan.

A preliminary version being prepared by the Department of Transportation would reserve most of the money for traditional infrastructure work, like roads and bridges, but would also set aside funds for 5G wireless infrastructure and rural broadband, the people said.

WATCH: The proposal could be just what the U.S. economy needs, says KPMG Economist Yael Selfin.

(Source: Bloomberg)

President Donald Trump is scheduled to discuss rural broadband access at a White House event on Thursday.

An existing U.S. infrastructure funding law is up for renewal ...