An unusual legislative strategy to revive an infrastructure bill is being tested in the House, with members of the Congressional Black Caucus teaming up with conservative Republicans to sign onto a new bill.
The measure would raise money by selling distressed government loans on the private market, using the proceeds to pay down the deficit and invest in infrastructure improvements. The funding mechanism may be a bit gimmicky, but what’s genuinely unique about the way the legislation has come together is the alignment of two blocs not used to collaborating on legislation.