Bipartisan Senate group reaches infrastructure deal without tax hikes — but leaders still need to sign off - CNBC

A group of 10 Democrats and Republicans struck what they called a "realistic, compromise framework to modernize our nation's infrastructure and energy technologies," according to a joint statement released Thursday by Sen.

"We are discussing our approach with our respective colleagues, and the White House, and remain optimistic that this can lay the groundwork to garner broad support from both parties and meet America's infrastructure needs," the lawmakers said.

The senators have tried to craft their own plan after infrastructure talks between President Joe Biden and Sen.

Biden and Democrats have called to raise the corporate tax rate to offset investments, but Republicans have said they will not reverse their 2017 tax cuts.

The bipartisan House Problem Solvers Caucus released its own infrastructure plan this week.

Meanwhile, the House has moved forward with a five-year, $547 billion surface transportation funding bill that Democrats could use to pass major pieces of Biden's infrastructure plan

House Majority Leader Steny Hoyer, D-Md., said Thursday that Democrats aim to vote on the legislation as soon as the end of the month

Biden's initial plan called for a range of investments in clean energy, housing, schools and care for elderly and disabled Americans, all of which Republicans have called unrelated to infrastructure