Articles for Trillion Infrastructure

Biden signs $1.2 trillion US infrastructure bill into law
3 years, 1 month ago

Biden signs $1.2 trillion US infrastructure bill into law

Al Jazeera  

A second bill – Biden’s ‘Build Back Better’ plan – is expected to be debated in Congress this week. President Joe Biden signed a $1.2 trillion infrastructure investment plan into law at the White House, offering an optimistic outlook for the improving but still damaged US economy and claiming progress in his ambitious legislative agenda. Biden will visit General Motors’s …

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Dems edge toward pared-down spending plan to boost support
3 years, 2 months ago

Dems edge toward pared-down spending plan to boost support

Associated Press  

HOWELL, Mich. — President Joe Biden and congressional Democrats edged closer to agreement Tuesday on how sharply to cut back his ambitious social spending plan, even as the president made a public case that the package will help keep the nation from losing its “edge” in global competitiveness. In his speech at a union training facility, Biden called opponents of …

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Infrastructure bill gives Sen. Sinema bipartisan victory
3 years, 4 months ago

Infrastructure bill gives Sen. Sinema bipartisan victory

Associated Press  

PHOENIX — Arizona Democratic Sen. Kyrsten Sinema has faced unrelenting tension with activists in her party over her insistence that bipartisan deal-making is still the way to do big things during a hyper-partisan era in Washington. “I have never believed that, and I refuse to accept it, and what we’ve shown today is that that talking point is false.” Progressive …

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US Senate pushes ahead with $1 trillion infrastructure bill
3 years, 4 months ago

US Senate pushes ahead with $1 trillion infrastructure bill

Al Jazeera  

The largest US infrastructure investment in decades, the bill’s passage would be a key victory for President Joe Biden. The United States Senate will try to complete work this week on a $1-trillion infrastructure investment bill that would bring long-awaited improvements to roads, bridges and mass-transit systems and deliver a rare bipartisan victory to President Joe Biden. It would also …

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Bipartisan senators reach tentative plan on infrastructure
3 years, 6 months ago

Bipartisan senators reach tentative plan on infrastructure

Associated Press  

WASHINGTON — A bipartisan group of senators reached a tentative framework on a $953 billion infrastructure deal Wednesday ahead of a crucial meeting with President Joe Biden at the White House. Biden’s top aides met with senators for back-to-back meetings on Capitol Hill and later huddled with House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer as the president …

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US stimulus may cause inflation across the world
3 years, 7 months ago

US stimulus may cause inflation across the world

China Daily  

Song Wei The steroid-driven US fiscal policy since the peak of the COVID-19 pandemic has caused a glut of US dollars in the financial markets. The previous US administration announced two stimulus packages, of $2 trillion and $900 billion, within six months last year. And while more funds are likely to be stuffed into Biden's $2.3 trillion infrastructure bill, the …

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Battle begins in US Congress over taxes, infrastructure spending
3 years, 8 months ago

Battle begins in US Congress over taxes, infrastructure spending

Al Jazeera  

President Biden is advancing a $2 trillion infrastructure bill as Republicans balk at the cost and proposed tax hikes The United States Congress is poised to lurch into a contentious battle over President Joe Biden’s infrastructure investment plan as Democrats and Republicans argue over the $2 trillion cost and how the money should be parceled out in the next several …

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Biden unveils $2T American Jobs Plan to boost infrastructure
3 years, 8 months ago

Biden unveils $2T American Jobs Plan to boost infrastructure

Al Jazeera  

The White House is set to announce a massive plan for everything from highway bridges to electric-vehicle charging stations funded by tax hikes on corporations. “We’re good at building shiny new stuff,” Rick Geddes, a professor of infrastructure policy at Cornell University, told Al Jazeera. “I guess we’ve got another infrastructure week,” Robert Krol, a senior affiliated scholar for the …

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US mulls $4 trillion jobs, infrastructure spending plan: Report
3 years, 9 months ago

US mulls $4 trillion jobs, infrastructure spending plan: Report

Al Jazeera  

Raising taxes on companies and the wealthy will be central to funding the package, sources tell Reuters. United States President Joe Biden will be briefed by advisers this week on infrastructure, climate and jobs proposals being considered by the White House that could collectively cost as much as $4 trillion, the Reuters news agency reported, citing people familiar with the …

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