News

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

Published

3 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.

Up Next

Major emergency rescue underway after Miami building collapse

Don't Miss

How Ronaldo has made history once again

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.

Click to comment

News

‘Rust’ will premiere at the Polish film festival, three years after fatal incident

Published

2 days ago

October 4, 2024

ticker NEWS

The controversial film ‘Rust’, plagued by tragedy since 2021’s fatal on-set shooting involving Alec Baldwin, is finally set to premiere in Europe.

The movie faced extensive delays and legal challenges following the tragic incident that resulted in the death of cinematographer Halyna Hutchins.

Money

Biden is “discussing” support for Israel over Iran oil strike

Published

2 days ago

October 4, 2024

ticker NEWS

The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

News

Israel weighs response to Iran, Biden says he would not back nuclear site strikes

Published

2 days ago

October 4, 2024

ticker NEWS

After Iran’s unprecedented attack on Israel–the country is weighing its response.

Tensions in the Middle East are surging after Iran launched a missile attack on Israel, marking a significant escalation in the region’s ongoing conflict.

This development has raised concerns about broader military confrontations, with global powers closely monitoring the situation.

The attack has intensified fears of a wider regional war, as Israel responds with its own military actions.

Ruthie Blum, a former adviser at the office of Israeli Prime Minister Benjamin Netanyahu, a senior contributing editor at JNS, and the co-host of “Israel Undiplomatic” on JNS TV joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #Israel #Iran #nuclerar #MiddleEast #Israelatwar