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Biden’s major $4.1T win with moderates putting infrastructure on tracks

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In what is a major win for Joe Biden, the US House of Representatives has agreed to move forward with the President’s huge $4.1 trillion dollar economic boost

The House voted 220 to 212 to allow Democrats to begin work on the $3.5 trillion social benefits package, and move ahead with the bipartisan infrastructure bill by September 27.

This follows US Speaker of the House Nancy Pelosi striking a deal with the President just hours earlier.

The deal ensured moderates would support the vote that will adopt the $3.5 trillion budget resolution and set the agenda for a vote on the $550 billion infrastructure bill.

Pelosi and a group of 10 moderates were previously in a stand-off about which way the House should go… threatening to withhold support entirely.

The Biden administration has been working hard to gain the support of both sides and move forward with the packages.

Moderate lawmakers had voiced their desire to vote on the Senate-backed infrastructure bill first before moving ahead with the broader spending package.

Cheddar’s Political Director Megan Pratz joined tickerNEWS and laid out how the 4.1 trillion agreement went down.

However, progressive Democrats were of the opposite view and wanted to press pause on the infrastructure vote until the spending package was passed.

Pelosi says it remains that the House must work together and ensure Americans get what they deserve.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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