Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Tuesday 31 March 2020 5:43 pm

Trump calls for $2 trillion infrastructure spending amid coronavirus relief

By: James Warrington

Add as a preferred source on Google
White House Coronavirus Task Force Holds Daily Briefing

US President Donald Trump today called for a $2 trillion (£1.6 trillion) infrastructure spending package as part of the country’s upcoming coronavirus relief bill.

Trump said the funds should be included in plans for a so-called Phase 4 stimulus package aimed at bolstering the economy during the pandemic.

“With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill,” he wrote in a tweet.

“It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4.”

With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4

— Donald J. Trump (@realDonaldTrump) March 31, 2020

It comes a day after speaker Nancy Pelosi hinted at a bipartisan Phase 4 package that would include funds to upgrade the country’s roads, bridges and other infrastructure.

Pelosi has argued that previous measures, including the historic $2.2 trillion emergency aid signed into law last week, have not gone far enough to tackle the virus.

The speaker said she aims to have a new infrastructure package ready for approval when the House of Representatives returns from recess in late April.

The bumper spending plan would grant Trump the opportunity to push through a policy he has supported since his 2016 election campaign.

The president this year outlined a new $1 trillion plan that would rely on federal spending. While the ambitions have been supported by Democrats, Trump has so far faced opposition from within his own party.

Read more

As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off

Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Donald Trump
  • International

Trending Articles

  • Why Fifa World Cup players are drowning in commercial red tape

  • Europe has made a ‘major mistake’ on slow electrification, IEA chief warns 

  • Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor 

  • Apple sues Open AI accusing them of stealing ‘trade secrets’

  • Will the Nations Championship financially underdeliver for in-need Fiji?

More from City PM

  • As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off

    Markets
    Elon Musk discussing SpaceX investment as Scottish Mortgages largest holding on a business news platform
  • UK borrowing costs surge as Trump declares Iran ceasefire over

    Economics
    Breaking news event coverage with diverse group of people engaging in discussion at a business meeting or conference.
  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

    Markets
    Breaking news illustration with a newspaper, digital devices, and coffee cup on a desk, highlighting media consumption
  • As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves

    Markets
    Breaking news event with gathered crowd and journalists capturing the moment in a bustling city location
  • Oil prices rise as Trump warns of ‘very hard’ strikes against Iran

    Politics
    Donald Trump latest picture
  • Google taps markets for $30bn AI cash call

    Tech
    Googles modern Kings Cross headquarters showcasing innovative architecture in Londons dynamic tech district
  • Making Miliband chancellor would be a ‘mistake’, Trump officials warn

    Politics
    Donald Trump speaking at April event, wearing a suit and tie, with an expressive gesture and a serious facial expression
  • SpaceX snaps up AI coding darling Cursor as valuation soars past Amazon

    Tech
    Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook