Wall Street Journal

White House proposes smaller $1.7 trillion infrastructure package to try to sway skeptical Republicans

The White House told Senate Republicans it is open to reducing its infrastructure proposal down to $1.7 trillion in the hopes of securing a bipartisan deal, but GOP lawmakers signaled they are still disinclined to support a package carrying that price tag. The new offer, described afterward by White House press secretary Jen Psaki, appears to mark a decrease from the total $2.2 trillion President Biden proposed earlier this spring. The new plan is expected to lessen the money available for broadband, and reduce the money set aside for roads and bridges, to bring the president

AT&T Gets a Do-Over. But It Doesn’t Have Much Time.

Once it sheds its media business, AT&T will be a smaller, less-indebted company devoted to selling cellphone plans and broadband internet access. In other words, customers and investors will see an AT&T much like the one that existed before its foray into streaming video and satellite TV. But its rivals haven’t been sitting still. “AT&T has a lot of catching up to do,” said Craig Moffett, a longtime telecom analyst at industry research firm MoffettNathanson LLC. “They’re almost certain to be a third player in a three-horse race.” AT&T is still the country’s No.

President Biden Asks Republican Senators to Bring Him Reworked Infrastructure Proposal

President Joe Biden asked a group of Republican senators to flesh out their $568 billion infrastructure proposal with additional details, including how they would pay for it, a step that could begin more substantive negotiations on the issue. President Biden said that he was optimistic the group could reach a reasonable agreement and planned to discuss a more detailed offer from the Republican senators next week.