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President Trump reportedly wants to spend $2 trillion on infrastructure​

This is twice the amount that the White House had previously announced

Pete Marovich/Getty Images

President Donald Trump reportedly wants to spend $2 trillion on infrastructure projects.

Here's what we know

According to Axios, Rep. Richard Neal (D-Mass.) has been telling people that Trump told him that he wants to spend $2 trillion on infrastructure. Neal is the chairman of the House Ways and Means Committee, which would have to come up with any new spending.

Trump's own publicly released 2020 spending plan, according to a Budget Fact Sheet published by the White House, "called upon the Congress to pass legislation that generates at least $1 trillion in infrastructure investment."

Axios also reported that Trump has said he does not like public-private partnerships and would rather have the federal government control infrastructure development than to outsource it.

The U.S. Treasury expects that during the 2019 fiscal year the U.S. will borrow more than $1 trillion. It already did this in 2018.

By 2020, the Treasury Department expects the U.S. to run a $1 trillion deficit for the first time since the end of the recession. The deficit occurs when the federal government spends more in one year than it raises in revenue. This, along with interest, is what contributes to the growing national debt. The national debt has already passed $22 trillion and continues to climb.

What else?

Trump will talk with Sen. Chuck Schumer (D-N.Y.) and Rep. Nancy Pelosi (D-Calif.) on Tuesday about infrastructure spending.

In March 2018, Trump said he was "forced" to sign a $1.3 trillion spending bill into law and promised "never to sign a bill like this again." He said that he had seriously considered using his veto power. That bill contained a substantial amount of military funding and did not cut any of Planned Parenthood's funding.

TheBlaze has reached out to Neal's office for comment.

One last thing…
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