Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Biden to sign $1 trillion bipartisan infrastructure bill into law, unlocking funds for public works

by
November 15, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Sam Altman didn’t take any equity in OpenAI, report says

‘It was agony’: Why SVB’s collapse is especially hard as a Black founder, says CEO

U.S. President Joe Biden delivers a speech during a visit to the Port of Baltimore, Maryland, November 10, 2021.

Evelyn Hockstein | Reuters

President Joe Biden will sign the more than $1 trillion bipartisan infrastructure bill into law on Monday, checking off the first piece of his party’s sprawling economic agenda.

The package will put $550 billion in new funds into transportation, broadband and utilities. Biden’s signature follows years of failed efforts in Washington to overhaul physical infrastructure, improvements that advocates have said will boost the economy and create jobs.

The legislation will put $110 billion into roads, bridges and other major projects. It will invest $66 billion in freight and passenger rail, including potential upgrades to Amtrak. It will direct $39 billion into public transit systems.

The plan will put $65 billion into expanding broadband, a priority after the coronavirus pandemic left millions of Americans at home without effective internet access. It will also put $55 billion into improving waters systems and replacing lead pipes.

Funding will go out over a five-year period. It could take months or years for many major projects to start.

A refresh of physical infrastructure fulfills one portion of Biden’s economic vision. On Monday, he is expected to make the case for Congress to pass what Democrats see as a complementary package: a $1.75 trillion investment in the social safety net and climate policy.

The House aims to pass its version of the bill this week. House Speaker Nancy Pelosi tried to tie the plans as closely together as possible to ensure the centrist and progressive flanks of her party backed both.

Biden plans to celebrate the infrastructure plan’s passage with lawmakers from both parties who helped to write and pass it. Nineteen Republicans voted for the measure when the Senate approved it in August, while 13 GOP representatives backed it when the House passed it earlier this month.

Several GOP lawmakers are expected to attend the bill signing.

Some Republicans who backed the measure have faced criticism or even death threats for their votes.

Biden has looked for a signature achievement to celebrate as sustained inflation and the lingering pandemic, among other issues, put a dent in his approval ratings. Democrats hope to promote the social safety net and infrastructure bills on the campaign trail next year as they try to defend their congressional majorities in the midterm elections.

Biden will head to New Hampshire and Michigan on Tuesday and Wednesday, respectively, to sell the infrastructure plan.

Subscribe to CNBC on YouTube.

ShareTweetPin

Related Posts

Sam Altman didn’t take any equity in OpenAI, report says

by
March 24, 2023
0

Sam Altman, president of Y Combinator, pauses during the New Work Summit in Half Moon Bay, California, U.S., on Monday,...

‘It was agony’: Why SVB’s collapse is especially hard as a Black founder, says CEO

by
March 24, 2023
0

Isa Watson, founder of voice-only social messaging app Squad, was on a plane when she got the news: Silicon Valley...

Europe’s leaders battle banking crisis as market rout hangs over Brussels summit

by
March 24, 2023
0

In this article .BBKADBCSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Germany's Chancellor Olaf Scholz said Deutsche Bank is profitable after...

BofA’s Hartnett sees commercial real estate as the ‘next shoe to drop’

by
March 24, 2023
0

Commercial real estate could be the next danger spot in the wobbly U.S. financial sector, according to Bank of America....

TikTok wants to distance itself from China — but Beijing is getting involved

by
March 24, 2023
0

China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo...

Next Post

S&P 500, Nasdaq slip as Treasury yields tick up

Stocks making the biggest moves midday: Boeing, Dollar Tree, Tesla and more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net