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US infrastructure bill is one step closer after passing hurdle over weekend

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The highly anticipated US Infrastructure Bill is one step closer to reality after it passed a key hurdle at the weekend

In what was a highly unusual event, the US Senate met over the weekend to discuss the bipartisan infrastructure bill.

The US Senate plans to pass the bipartisan infrastructure program in what will be a key part of President Biden’s policy agenda.

In a 67-27 vote, the final Senate consideration process is all that is left before the bill moves to the House.

Chuck Schumer says the final steps can be done the “easy way” or the “hard way”

At its heart is a trillion-dollar program to help rebuild the backbone of the country; billions for public transit, passenger and rail freight, electric vehicle charging stations, ports and airports, water and wastewater pipes and facilities, environmental cleanup, the electric grids – and more.

As Biden has said: “This is a generational investment — a generational investment to modernize our infrastructure, creating millions of good-paying jobs — millions of good-paying jobs that position America to compete with the rest of the world in the 21st century.”

Bi-partisan support and cooperation

For the President, this bill means that Democrats and Republicans can work together; and that doing so shows that the country can come closer together.

The bill is so large that its benefits reach every state. The total cost in real dollars is bigger than what it took to build the US interstate highway system.

So Republicans supporting the deal will get political benefits too in their home states. And that is why enough Republicans are, for the first time, voting on major legislation initiated by Biden.

EXCLUSIVE-Biden plans shift in arms policy to add weight to human rights  concerns | Reuters

How will the infrastructure bill be funded?

But a funny thing happened on the way to the forum. A trillion dollars has to be paid for – at least in part. And so the other half of the bill outlines how the infrastructure builds will be funded.

There is unspent Covid-relief money from earlier rescue plans. Unspent unemployment insurance. The timing of a Medicare reimbursement rule. Revenues from spectrum auctions for 5G networks.

And $28 billion by strengthening tax enforcement of the cryptocurrency industry.
The world is on a steep learning curve on crypto, and crypto just got on the same treadmill with Washington.

Washington shorts on crypto

The proposed legislation would expand reporting of broker revenues from crypto
transactions and would also subject elements of the crypto blockchain to greater exposure on capital gains.

At the heart of the debate is how broadly to apply new tax rules to crypto brokers. And it’s not a partisan issue.

There are Republicans and Democrats who want more discipline on the industry, and anti-regulation Republicans and pro-privacy Democrats who want no change from the status quo.

And some Democrats believe crypto coin creation is a massively energy intensive process – so there is a global warming tinge to the controversy. Who knew?

What's in the Bipartisan Infrastructure Package...And How Will We Pay For  It? | For Construction Pros

This will be resolved in the Senate – but not for long

Anything in the Senate bill has to get through the House.

And the head of the Securities and Exchange Commission said recently that the agency wants to take a good hard look at the rules that should apply to crypto.

But back to the main game: Biden’s agenda for the country is much bigger than just infrastructure, and being prepared for immediate work in the Senate is a $3.5 trillion bill addressing education, health care, climate change and other Democratic priorities.

Republicans will not back this broader legislation

Republicans have refused to advance bills on voting rights, police reform, gun control and other issues at the heart of racial justice and social equity.

Taken as a whole, the Biden program is the most ambitious legislative agenda for the country since Franklin Roosevelt’s New Deal, and Lyndon Johnson’s Great Society. And it will take near-unanimity among Democrats to pass it.

Biden knows that the passage of all these bills – not just the spending programs but the racial justice issues too – is crucial not just for the county, but for his presidency. And for Democrats in Congress too.

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Bruce Wolpe is a Ticker News US political contributor. He’s a Senior Fellow at the US Studies Centre and has worked with Democrats in Congress during President Barack Obama's first term, and on the staff of Prime Minister Julia Gillard. He has also served as the former PM's chief of staff.

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Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

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Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.


The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia


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Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.
U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

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Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.


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Trump shocks Hollywood with 100% film tariff

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood

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Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood


Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.

The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions

#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews


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