Trump Administration Prepares $ 1 Trillion Infrastructure Stimulus

The Trump administration is preparing a $ 1 trillion infrastructure stimulus package targeting transportation projects as part of its quest to revitalize the world's largest economy. Sources said that "the MoT's preliminary version will reserve most of the funds for projects such as roads and bridges, but will also allocate about a quarter of the money for priorities such as 5G wireless infrastructure and rural broadband."

The White House is set to unveil its latest efforts in July.

President Donald Trump, a Republican, is running for election in November. He is keen to bolster the economy to bolster his political outlook after criticizing his handling of the coronavirus pandemic and reactions to protests following the death of a black man in police custody in Minneapolis have sparked protests around the world.