The proposed increase is part of his budget plan set for release on Monday.
The president's budget plan would pay for the new infrastructure spending by imposing a one-time tax on corporate overseas profits.
Spending plan would slash $5 trillion over the next decade, mostly by repealing Obamacare and revamping Medicaid. He also ignores a more ambitious tax code overhaul.
Senate majority leader says Ryan budget linked to Koch agenda
The bill's passage guarantees that the nation will not endure another government shutdown until at least Oct. 1.
Agreement now heads to the Senate, which is expected to approve the deal by Saturday.
Senior appropriator says an agreement should be finalized this weekend.
Senate is expected to give final passage to the budget bill in the coming days.
Reid wants the Senate to deal with about a dozen nominations.
In an e-mail to supporters, the group accuses Boehner of declaring "war on conservatives" by pushing for the budget compromise last week.