.Washington D.C., DC, USA
Joe Biden's economic advisers are pulling together a sweeping $3 trillion package to boost the economy. (Photo Credit: AFP)

  • Bipartisan Senate group reaches  infrastructure deal, without tax hikes
  • The infrastructure plan still needs to win enough support within both parties
  • Reportedly, the package amounts to $1.2 trillion over eight years

.Washington D.C., DC, USA
The end of talks will increase pressure on the Democrats. (Photo Credit: AP/PTI)

  • President Joe Biden's talks with Republicans have collapsed on Tuesday
  • Joe Biden "ended our infrastructure negotiations," said Republican Sen. Shelley Moore Capito
  • Senate Minority Leader Mitch McConnell lashed out at the Democratic party

.Washington D.C., DC, USA
President Joe Biden chalked out the American Jobs Plan in March. (Photo Credit: AP/PTI)

  • White House proposed reducing the size of President Biden's infrastructure package
  • The American Jobs Plan was initially envisioned to cost around $2.3 trillion
  • But the costs have been dropped to $1.7 trillion to attain some "common ground"

.Louisiana, USA
Next week, President Biden is scheduled to negotiate at the White House with senior Republicans. (Photo Credit: AP/PTI)

  • Speaking in deep-Republican Louisiana, Joe Biden pitched his $2.3 trillion proposal
  • Republicans object to funding infrastructure by raising the corporate tax rate
  • "We've got to compete," Biden urged the Republicans

.Washington D.C., DC, USA
President Joe Biden is due to address a joint session of Congress on Wednesday night. (Photo Credit: AFP File)

  • President Biden is set to propose a tax hike on investment gains of the wealthiest individuals
  • The hike will help pay for his proposed massive infrastructure and jobs package
  • Biden's plan would increase the minimum tax on businesses to 21%

.Washington, D.C., DC, USA
Addressing the CEOs, Biden said he was "ready to work with all of you". (Photo Credit: AFP)

  • The group included leaders of General Motors, Alphabet/Google, and Intel
  • "We're going to lead the world again," Preisdent Biden promised
  • A shortage of semiconductors wreaks havoc on supply chains in several sectors

.Washington D.C., DC, USA
President Joe Biden has defended his huge investment plan. (Photo Credit: AFP File)

  • "America's no longer the leader of the world because we're not investing," Biden said
  • Biden is pitching a plan that goes far beyond the traditional infrastructure
  • No Republicans so far support the proposal

.Washington D.C., DC, USA
Alexandria Ocasio-Cortez and Senator Bernie Sanders are known to agree on key issues. (Photo Credit: Instagram/@aoc)

  • Bernie Sanders said the plan did not do enough for the climate
  • AOC said the $2 trillion are "not nearly enough" to address key issues
  • Biden's plan, according to his statements, will create millions of jobs

.Washington D.C., DC, USA
President Joe Biden speaks during a news conference in the East Room of the White House. (Photo Credit: AP/PTI)

  • Joe Biden unveiled his $2 trillion infrastructure plan at manufacturing hub Pittsburgh
  • Biden's plan aims to fully decarbonise America's energy sector by 2035
  • He has also asked for the tax credit on renewable energy generation and storage to be increased by 10 years

.Pittsburgh, PA, USA
President Joe Biden unveiled the $2 trillion infrastructure plan on Wednesday. (Photo Credit: AP/PTI File)

  • Joe Biden said the infrastructure plan will revitalize the US economy
  • "It's the largest American jobs investment since World War II," the President said
  • The cost would be partly covered by raising corporate tax from 21% to 28%