PHO - Biden endorses a bipartisan infrastructure plan see which ETFs can be affected

Joshua Roberts/Getty Images News President Joe Biden on Thursday afternoon acknowledged that the White House had reached a bipartisan infrastructure deal worth nearly $953 billion. The framework will include $559 billion in new spending. President Biden told reporters, "We have a deal," after a meeting with the group of 21 senators who were negotiating. Per CNBC, $312B will be put towards transportation, $109B invested in roads, bridges, and other significant projects. $66B goes towards passenger and freight rail and $49B in public transit. Additionally, $266B will be put towards non-transportation infrastructure, including investments in power, broadband, and clean water. Furthermore, only $15B will go toward electric vehicle infrastructure. Investors looking for investment insight in response to this infrastructure plan may look to three separate areas: infrastructure and transportation, broadband, clean water. Below are a group of ETFs that cover these areas. Infrastructure and Transportation ETFs: Industrial Select Sector SPDR ETF (XLI), Global X

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Biden endorses a bipartisan infrastructure plan, see which ETFs can be affected