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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 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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Trump officially nominates J.D. Vance to be his Presidential running mate

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Former President Donald Trump has officially nominated J.D. Vance as his running mate for the upcoming presidential election, cementing Vance’s role in the Republican ticket.

J.D. Vance, once a vocal critic of his policies, has been selected by the former President to be his running mate in the upcoming presidential election.

Ticker’s Ahron Young discusses all the latest. #featured #trending

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Secret Service face criticism over failure to stop Trump rally gunman

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Donald Trump remains defiant a day after he survived a failed assassination attempt by a lone gunman.

The U.S. Secret Service is investigating how a gunman armed with an AR-style rifle was able to get close enough to shoot and injure former President Donald Trump.

Following the incident, the Biden campaign has pivoted from criticising Trump to promoting unity. #featured #trending

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Recent EV study reveals the greatest adoption hurdle: safety

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A recent survey conducted by the National Roads and Motorists’ Association (NRMA) in New South Wales has shed light on a significant trend among EV adoption: safety.

The survey highlights that while environmental benefits and potential long-term cost savings are acknowledged, 1 in 5 believe that safety concerns are overriding these factors for many potential buyers.

Mike Costello from Cox Automotive joins to discuss more. #featured

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