John Kerry takes infrastructure to the bank
John Kerry is willing to bank on infrastructure building. He and Republican Sen. Kay Bailey Hutchison (Texas) are introducing a bipartisan bill to create a bank for funding infrastructure projects — which includes roads (good way to get Republicans and John Cassidy on board) but also rail. The bank would issue loans to help finance projects — no more than 50 percent of the cost. It would cost about $10 billion for startup, and is projected to invest $600 billion over time, but would eventually move from being federally funded to being self-sustaining.
“Kerry to introduce infrastructure bank bill,” The Boston Globe
“Kerry to introduce bipartisan infrastructure bank bill,” The Hill