US Pres. Biden: We have an infrastructure deal

US President Joe Biden announced on Thursday that they have reached a deal on the infrastructure spending plan following a meeting with a bipartisan group of senators, as reported by Reuters.

Additional takeaways

"Neither side got all they wanted in infrastructure deal."

"Made serious compromises on human infrastructure."

"We'll see what happens in the reconciliation bill, the budget process."

Commenting on this development, Republican US Senator Portman noted that the infrastructure deal has no new taxes.

Market reaction

The market mood remains upbeat following these comments and the S&P 500 Index was last seen rising 0.62% on the day at 4,267.