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Bipartisan infrastructure talks are skidding off the rails.


Some bridges are harder to build than others. On Friday afternoon, White House staff presented a counteroffer to the Senate Republicans with whom they’re trying to negotiate a major infrastructure package. The latest proposal came in at $1.7 trillion, about $550 billion less than what the administration had originally sought when it introduced its American Jobs Plan. Among the biggest changes, the administration dropped its manufacturing and R&D requests, much of which it’s pursuing separately in legislation that the Senate is debating this week. It also offered to narrow its request for broadband and new transportation projects.
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Despite the movement in their direction, the Republicans responded by coming within a hair of challenging White House chief of staff Ron Klain to a duel for such a dishonorable proposal. ....

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Fed policies spark more concerns over market collapse


Fed policies spark more concerns over market collapse
As money continues to pour into Wall Street, sending the three major markets indexes the Nasdaq, the Dow and the S&P 500 to new record highs at the end of last week, there are mounting warnings that the lights are flashing red, signalling that the speculative bubble may soon burst, with major consequences.
The warnings come from within sections of the financial elite, as well as from financial analysts and media commentators, who are fearful of the consequences of the endless pumping of money by the US Fed and other major central banks into the financial markets. ....

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