WASHINGTON — The president is expected Wednesday in Cleveland to announce details of a $50 billion measure that would lead into a long-term program containing a national infrastructure bank — a proposal already offered by the administration but now being rolled out as part of an economic package.

Senate Banking Committee chairman Chris Dodd, D-Conn., announced Tuesday the committee will hold a hearing Sept. 21 on creation of a national infrastructure bank focused mainly on surface transportation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.