Economy4 hours ago (Jan 14, 2022 08:30PM ET)
WASHINGTON (Reuters) – President Joe Biden will trumpet his administration’s plans to spend $27 billion fixing thousands of U.S. bridges on Friday, the latest roll-out associated with the $1 trillion infrastructure bill.
Biden plans the remarks as his larger economic package, Build Back Better, has stalled in the Senate and his poll numbers have sagged as concerns have mounted over the COVID-19 pandemic and inflation.
Along with a major pandemic relief bill, the bipartisan infrastructure bill he signed in November https://www.reuters.com/world/us/biden-needing-boost-sign-1-trillion-infrastructure-bill-2021-11-15 stands as Biden’s biggest legislative achievement in his first year in office.
The administration believes popular infrastructure investments can also ease transportation bottlenecks in the aftermath of the pandemic that have led to supply shortages and rising prices. Surveys of U.S. infrastructure regularly find the country’s major bridges and other thoroughfares in need of repair.
Money for bridges will be made available to 50 states, the District of Columbia, Puerto Rico and sovereign tribes over five years, the Department of Transportation said. They estimate approximately 15,000 bridges could be repaired due to the investment.
Biden to lift spending on bridges as part of infrastructure drive
By David Shepardson WASHINGTON (Reuters) -AT&T Inc led bidders in the Federal Communications Commission (FCC) 5G spectrum auction of 3.45 GHz band spectrum, winning $9 billion in…
MEXICO CITY (Reuters) -An arbitration panel looking at a Mexican complaint regarding U.S. interpretation of how free trade rules apply to the continental automotive industry…
By Anirban Sen and Matt Scuffham (Reuters) -JPMorgan Chase & Co posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts…
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
(C) 2007-2022 Fusion Media Limited. All Rights Reserved
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.