News

Biden’s big-spending infrastructure bill gains momentum

President-elect Joe Biden speaks about the coronavirus pandemic, at The Queen theater in Wilmington, Del., on Tuesday, Dec. 29, 2020. (Amr Alfiky/The New York Times)

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.

Up next
Media accountability and Trump’s political fallout put journalism under scrutiny

Media credibility and changing audience interests are putting journalism under the spotlight.

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in News

View all →