White House officials are presenting a $1.7 trillion counterproposal to Republicans on Friday in pursuit of a bipartisan deal on infrastructure, reducing the price tag of President BidenJoe BidenTrump slams ‘weak’ Republicans who don’t want to talk about Arizona auditFDA advises against Chinese-made syringes citing safety issuesOn The Money: Biden tries to navigate bumpy recovery | Jobless claims hit another post-pandemic low | Treasury calls for 15 percent minimum global taxMOREs infrastructure proposal by nearly $600 billion.

In our view, this is the art of seeking common ground, White House press secretary Jen PsakiJen PsakiWhite House encouraged by ‘reports of a potential cease-fire’ in GazaWhite House: ‘Incredibly disappointing’ to see GOP oppose Jan. 6 commissionThe Hill’s 12:30 Report – Presented by Facebook – GOP opposes second Jan. 6-related billMORE told reporters at a briefing Friday. This proposal exhibits a willingness to come down in size, giving on some areas that are important to the president … while also staying firm in areas that are most vital to rebuilding our infrastructure and industries of the future.

Psaki said that the counteroffer reduced funding for broadband expansion to match a Republican offer spearheaded by Sen. Shelley Moore CapitoShelley Wellons Moore CapitoGOP senators introduce bill to reimpose waived Nord Stream sanctionsBiden officials tout infrastructure agenda as talks drag onBiden frames electric vehicle goals as competition with China in Michigan visitMORE (R-W.Va.) and also reduced proposed investments in roads, bridges and other major infrastructure projects.

Additionally, the counterproposal shifted investments in research and development, supply chains, manufacturing and small business out of the infrastructure negotiations and into other ongoing legislative efforts, including the Endless Frontiers Act and the Chips Act, Psaki said.

Further details of the offer are expected to be released on Friday.

White House officials are meeting virtually with officials on Capitol Hill on Friday as part of ongoing infrastructure talks. Capito presented a counteroffer to the White House earlier this week after initially proposing a $568 billion infrastructure proposal with other GOP senators. 

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