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

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

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.

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.

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.

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 ticker 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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Indonesia’s inflation soars to a 5-year high

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Indonesia’s inflation rate has hit a five-year high, as businesses continue to pass rising costs onto consumers

As countries around the world deal with the rising cost of living, Indonesia’s inflation rate has exceeded predictions.

The country’s consumer price index rose just above 4 percent in June, which is the biggest year-on-year climb since 2017.

This blew the Bank of Indonesia’s estimates out of the water, with the Bank expecting a rise of between 2 and 4 percent.

Experts say June’s inflation was largely triggered by red chilies, cayenne pepper, cooking oil, and shallots.

Prices of food, beverages, and tobacco all rose above 8 percent, and transportation is also helping drive inflation, especially in airline passenger fees due to high fuel costs.

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Several dead after horror shooting at Copenhagen shopping centre

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Several people are dead after a gunman opened fire at a shopping centre in Copenhagen

A mass shooting incident in one of Denmark’s largest shopping centres has left several people dead and others injured.

A 22-year-old Danish man has been arrested, with police refusing to rule out the attack being an act of terrorism.

Authorities arrived at Field’s mall in the Danish capital late on Sunday afternoon local time, as people were told to stay put and wait for assistance.

Local media has published images of terrified shoppers running for safety, with eyewitnesses describing panic as gunfire echoed through the shopping centre.

Credit: EPA

Singer Harry Styles was due to perform in the city, but the concert has been cancelled. Attendees have asked to leave Copenhagen’s Royal Arena.

LIVE NATION STATEMENT

The multi-storey shopping mall where the attack occurred is around 5 kilometres south of downtown Copenhagen.

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U.S. watching China ‘very closely’ over Taiwan

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The United States is watching China ‘very closely’, but a top official says an attack on Taiwan is ‘not imminent’

China views Taiwan as a breakaway province that must be reunified with the mainland, and by force, if necessary.

United States Chairman of the Joint Chiefs of Staff Mark Milley told the BBC that China is developing a capability to attack Taiwan at some point in time.

Milley says whether or not the nation does this is a political and policy choice, based on how the Chinese view the cost and risk-benefit at the time.

Beijing has accused Washington of supporting Taiwan’s independence vowing to ‘crush’ any such attempt.

Back in May, U.S. President Joe Biden said China was “flirting with danger” by flying warplanes close to Taiwan. The President has vowed to protect the island militarily if required.

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