Readout of President Biden’s Meeting with Economists on the Benefits of Infrastructure Investment

The President and members of his economic team today met with Dr. Edward Glaeser and Dr. Janet Currie to discuss the economics of infrastructure investment.  The historic investments in the Bipartisan Infrastructure Law are a key component of the President’s plan to build on the historic economic recovery and boost the capacity of the economy in order to promote growth, expand economic opportunity, and reduce costs for families. Dr. Glaeser, who is the Fred and Eleanor Glimp Professor of Economics and Chair of the Department of Economics at Harvard University, briefed the President on the economic benefits of investments in infrastructure and the importance of project selection and efficient implementation of infrastructure investment. Dr. Currie, the Henry Putman Professor of Economics and Public Affairs at Princeton University, briefed the President on the effect of lead exposure on a range of outcomes for children. Both the Bipartisan Infrastructure Law and the President’s Build Back Better plan include historic investments to reduce lead exposure. In the months ahead, the President will continue to meet with experts and leaders in a range of fields, as he continues to execute on an economic strategy that delivers for the American people.