US President Joe Biden unveiled a massive $2.3 trillion (€1.9 trillion) plan to invest in the country s crumbling infrastructure, calling it a once-in-a-generation investment.
The plan includes billions of dollars for fixing highways and rebuilding bridges as well as money for removing lead pipes, renewing the electric grid and expanding broadband internet. I’m proposing a plan for the nation that rewards work, not just rewards wealth. It builds a fair economy that gives everybody a chance to succeed, and it’s going to create the strongest, most resilient, innovative economy in the world, Biden said in a speech delivered at a carpenters training centre in Pittsburgh.
Biden infrastructure plan: What s in the president s $2 trillion plan azcentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azcentral.com Daily Mail and Mail on Sunday newspapers.
California governor Gavin Newsom says he ll appoint a black woman to the seat if 87-year-old senator Dianne Feinstein steps down
California Gov. Gavin Newsom said Monday that he would appoint a black woman to her seat if 87-year-old Sen. Dianne Feinstein steps down
Newsom was asked if he d make that commitment by MSNBC host Joy Reid We have multiple names in mind and the answer is yes, Newsom answered
Politico s California Playbook reported that among those names are Reps. Karen Bass, Barbara Lee and San Francisco Mayor London Breed
Feinstein is the oldest senator currently serving and hasn t announced retirement but gave up her top spot on the Judiciary Committee last year
The dark side of Joe Biden’s spending blitz is becoming all too clear
America’s $1.9 trillion stimulus bill is going to overheat the economy – and its knock-on effects will be felt across the world
9 March 2021 • 1:02pm
This article is an extract from The Telegraph’s Economic Intelligence newsletter. Sign up here to get exclusive insight from two of the UK’s leading economic commentators – Ambrose Evans-Pritchard and Jeremy Warner – delivered direct to your inbox every Tuesday.
You can have too much of a good thing. And you can have it at the wrong time.
Joe Biden has succeeded in ramming most of his $1.9 trillion relief package through the Senate, running roughshod over Republican objections as he went along by misusing “reconciliation”. That arcane procedure was agreed in 1974 to control the budget deficit. He has just used to force through a deficit of 15pc of GDP.