President Joe Biden stepped out on the White House driveway Thursday afternoon and announced 'we have a deal' on an infrastructure package.
The package will reportedly put $1.2 trillion toward infrastructure over an eight-year period.
Biden was surrounded by a bipartisan group of senators led by Democratic Sen. Kyrsten Sinema and Republican Sen. Rob Portman.
President Joe Biden stepped out on the White House driveway Thursday afternoon and announced 'we have a deal' on an infrastructure package
Sen. Susan Collins, a moderate Republican from Maine, said the two parties agreed on the 'price tag, the scope and how to pay for it.'
Other senators who etched out the deal included Republican Sens. Bill Cassidy, Mitt Romney, Lisa Murkowski and Democratic Sens. Joe Manchin, Jeanne Shaheen, Mark Warner and Jon Tester.
The senators vowed to give more details on the plan later this afternoon as they left the microphones.
Biden's original 'American Jobs Plan' was to cost $2 trillion.
The Democratic president wanted to pay for the plan by bumping back up the corporate tax rate, which was decreased in 2017 as part of the tax bill signed by then President Donald Trump and backed by Congressional Republicans.