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Biden’s big-spending infrastructure bill gains momentum

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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.

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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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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