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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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Curious times for AI & investing as stark reality becomes clear

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Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

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Game on with charitable cause and fresh titles of the week

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Xbox ANZ partners with Cure Cancer in an clever collaboration, introducing three exclusive Xbox Series X consoles inspired by the pioneering cancer research of Dr. Arutha Kulasinghe from The University of Queensland.

These unique designs, reflecting Dr. Kulasinghe’s innovative tumour mapping techniques, are currently available for auction, offering gamers an opportunity to contribute to a noble cause while acquiring a prized gaming collectible.

Meanwhile, Nintendo Switch Online unveils its latest additions, including the long-awaited Wrecking Crew 98, previously exclusive to Japan, now accessible to a global audience.

In the gaming sphere, this week brings diverse experiences, from the underwater exploration and sushi entrepreneurship of “Dave the Diver” to the enchanting narrative journey of “Harold Halibut” and the thrilling action RPG “No Rest for the Wicked” by Moon Studios, promising captivating adventures across PlayStation, Xbox, and PC platforms.

 

 

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Donald Trump becomes first former U.S. president to stand trial

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Trump has denied any wrongdoing, maintaining that the payments were not campaign-related and therefore not subject to campaign finance laws.

Jury selection commenced today in the criminal trial of former President Donald Trump, focusing on allegations related to hush money payments made to women who claimed to have had affairs with him.

The trial, which has drawn significant attention, marks a pivotal moment in Trump’s post-presidential legal battles. #ticker today #featured

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