News

Bipartisan agreement for the largest investment in public transit in American history

Published

4 years ago

June 25, 2021

US President Joe Biden has announced that he has reached a bipartisan agreement between Republicans and Democrats on the proposed infrastructure spending.

Today, after months of negotiation, a group of Democratic and Republican senators came to an agreement to invest in our nation’s infrastructure. The details of the plan can be found here. https://t.co/fIGJTrckOr
— The White House (@WhiteHouse) June 24, 2021

Exact details remain unknown, but the deal will come at a total cost of 1.2 trillion over the span of eight years.

Although this falls short of the Biden administration’s initial proposed expenditure of $2.25 trillion, the President says it’s all about compromise.

This bipartisan agreement represents the largest investment in public transit in American history. The largest investment in rail since the creation of Amtrak. It will deliver high speed internet to every American home and replace 100% of our nation’s lead pipes.
— President Biden (@POTUS) June 24, 2021

Key elements included in the spending deal

Over $100 billion for roads, bridges and infrastructure projects
$59 billion for public transport
$66 billion for rail
$25 billion for airports.

“I’ve said many times before: that there is nothing we can’t do when we come together as one nation.”
BIDEN TWEETED.

This deal makes key investments to put people to work in good-paying jobs building transmission lines and upgrading our power grid, installing electric vehicle charging stations, and undertaking critical environmental clean-ups.
— President Biden (@POTUS) June 24, 2021

The plan will also provide enough funds for a national broadband upgrade, with lawmakers agreeing to spend $65 billion, down from Biden’s initial requested amount of $100 billion.

In a nod to the future of the automotive industry, $7.5 billion will also be spent to build a substantial network of electric vehicle charges.

It’s expected the package will be partially funded by taking advantage of unspent relief package funds and also selling off strategic oil reserves.

Meanwhile, Republican Senator says infrastructure has been on the agenda for decades and now the two parties have finally come together to get the job done.

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William Howard

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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News

SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

Published

1 day ago

November 12, 2025

ticker NEWS

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence

News

Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

Published

1 day ago

November 12, 2025

ticker NEWS

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill

News

Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

Published

1 day ago

November 12, 2025

Ahron Young

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.

Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.

Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.