'We have a deal': Biden reaches $1.2 trillion infrastructure compromise with bipartisan group of senators

President Joe Biden and a bipartisan group of 21 senators reached a compromise Thursday to modernize the nation's deteriorating transportation and public works systems, putting the president in position to pass the first plank of his sweeping infrastructure agenda.

Yet Biden made clear he would only sign a bipartisan infrastructure bill if Congress also approves a larger measure focused on "human infrastructure" programs like subsidized child care, home caregiving and climate change that only Democrats support.

Biden announced the breakthrough after a 30-minute meeting with the senators in the Oval Office, ending a weekslong stalemate over the price tag and how to pay for what would be the largest transportation package ever approved by Congress.