KEY POINTS
  • President Joe Biden signed the more than $1 trillion bipartisan infrastructure plan into law Monday.
  • The plan will put $550 billion in new money into transportation, broadband and utilities.
  • Biden made the case for Democrats' $1.75 trillion proposal to invest in the social safety net and climate policy.

President Joe Biden signed the more than $1 trillion bipartisan infrastructure bill into law on Monday, checking off the first piece of his party's sprawling economic agenda.

The package will put $550 billion in new funds into transportation, broadband and utilities. Biden's signature follows years of failed efforts in Washington to overhaul physical infrastructure, improvements that advocates have said will boost the economy and create jobs.