President Joe Biden on Wednesday touted American manufacturing in a visit to a truck plant in Pennsylvania, as Senate Republicans in Washington said they had reached a deal in infrastructure talks with Democrats.

“We now have an agreement on the major issues,” lead negotiator Sen. Rob Portman, an Ohio Republican, said, according to the Associated Press. “We are prepared to move forward.” A test vote is possible later Wednesday.

Biden, speaking at a Macungie, Pa., factory that produces Mack trucks, said it looked like a deal was reached and pledged to keep up his involvement.

“I’m working with Democrats and Republicans to get this done,” the president said, “because while there’s a lot we don’t agree on, I believe we should be able to work together on the few things we do agree on.”

Biden in his speech discussed a new proposal to boost U.S. content in federal procurement policy. The administration is proposing that products bought under the “Buy American” program have at least 60% of the value of components made in the U.S., up from the current 55%. It would later rise to 75%.

“Fifty-five percent is not high enough,” Biden said.

Infrastructure
PAVE,
+0.64%

is one of Biden’s top priorities, and a bipartisan group of senators has been working on a framework for new spending about $600 billion above projected federal spending on roads and bridges.

U.S. stocks
DJIA,
-0.32%

SPX,
+0.07%

COMP,
+0.79%

were mixed on Wednesday, after the Federal Reserve said it would keep interest rates steady near zero and retain its full range of tools to support the economic recovery during the pandemic.

The Associated Press contributed to this article.

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