Biden’s big-spending infrastructure bill gains momentum

Published

3 years ago

July 7, 2021

US President Joe Biden has struck a deal to move forward with a bipartisan infrastructure bill. Now, the Problem Solvers Caucus has announced it will also back the framework

The Caucus says it “strongly supports” the Senate infrastructure bill. The package is also closely aligned with last month’s ‘Building Bridges’ proposal.

The group of 58 lawmakers has equal numbers of Democratic and Republican leaders.

Their support follows a challenging few months for the Biden Administration in getting this package off the ground.

Biden’s bipartisan proposal for an infrastructure bill includes $579 billion in funding over the next five years and a total of $1.2 trillion over the next eight years.

It will draw on funds acquired from the strengthening of tax laws and leftover money from the coronavirus relief package.

Big-spending from the White House

Meanwhile, as democratic lawmakers push to pass a bill through the budget reconciliation process in July, the White House says they’re on track.

President Joe Biden has also addressed the media, applauding his country’s efforts in moving towards economic growth in a post-covid world.

Why “stagflation” will be the greatest financial threat of 2024

Published

15 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

15 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

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TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity