An aide familiar said the group will propose $579 billion in new spending.
Conservatives previously opposed the more than roughly $300 billion in new spending and many Democrats are demanding more than double the price tag for traditional infrastructure and climate-related investments.
“Our group — comprised of 10 Senators, 5 from each party — has worked in good faith and reached a bipartisan agreement on a realistic, compromise framework to modernize our nation’s infrastructure and energy technologies,” the senators said in a statement. “This investment would be fully paid for and not include tax increases.”
Though the negotiators have struck a deal, they’ve not yet released details of their proposal.
This is a developing story. Check back for updates.