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US Senate officially passes $1 trillion infrastructure bill

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Biden

We’ve been talking about it for months, but the day is finally here

The US Senate has officially passed the $1 trillion dollar infrastructure bill in what is a major win for Biden and the American people.

The bill was first on the list of Biden’s priorities, with Senators voting 69-30 to advance the big spend to the House of Representatives for further consideration.

It’s unclear how the bill will be viewed in the House… with a number of progressive Democrats already flagging that it isn’t progressive enough or as wide-reaching as it should be.

It follows Speaker Nancy Pelosi saying she won’t agree to the trillion-dollar spend until the Senate also passes part two of the infrastructure plan – a $3.5 trillion package.

Regardless, the current bill gaining bipartisan support in the Senate is a significant victory for Biden’s presidency.

In a joint statement, those who led the negotiations say:

“Congress has talked about truly modernizing our nation’s infrastructure for as long as we can remember… the United States Senate delivered so that we can finally give the American people the safe, reliable, and modern infrastructure they deserve”.

The bipartisan bill includes around $550 billion in new spending… which will be invested in infrastructure projects like roads, bridges, broadband, water and rail.

Vice President Kamala Harris says it won’t be the middle class who pay for the package.

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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When London’s Heathrow airport is set to end daily passenger limits

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London’s Heathrow airport is set to end its daily passenger limits on departures

Ending at the end of this month, The Wall Street Journal is reporting that airlines have already been told about the changes.

Of course, this follows a turbulent summer of travel in the northern hemisphere, where staff shortages have plagued the sector.

To deal with the staffing crisis, Heathrow capped the number of passenger departures at 100-thousand a day.

But the cap was extended from July into October in a desperate bid to limit queues and baggage delays.

The sector has been crippled by the pandemic and labor shortages, with many airports and airlines struggling to hire enough staff to deal with the increased demand.

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Hacking saga hits Australia’s biggest telco

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As millions deal with the fallout from the Optus data breach, a third party company has leaked the information of Telstra employees

Up to 30,000 names and email addresses of past and present Telstra staff were uploaded online.

It’s understood it’s the same forum where an Optus breach was shared last week.

While no customer data has be lost, Telstra says it is aware of the breach, which contains employee information from 2017.

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Government-backed crypto could threaten the U.S. economy, report finds

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Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

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