As previously reported, The President’s proposal calls for an infrastructure package yielding $1 trillion over 10 years. Work in the Administration is being led by National Economic Counsel Director Gary Cohn, the former President and CEO of Goldman Sachs. The Administration is still targeting August for congressional action on infrastructure, although it will most likely be fall at the earliest. Some direct federal spending will be included in its proposal, not just tax credits or federal bonds. The President has talked about using repatriated funds (he mentioned $200B) and giving priority to shovel ready projects. No details are available.