Tuesday, June 18, 2024

World Economy .. Behind the Economy .. Biden: One trillion dollars for infrastructure


US President Joe Biden recently signed a $ 1 trillion infrastructure package to repair the country’s old roads and bridges, modernize the power grid and expand broadband Internet access.

The law is the largest federal investment in U.S. infrastructure for more than a decade, a central component of President Biden’s domestic policy agenda and a rare discriminatory victory for the White House.

According to the Wall Street Journal, Democrats in Congress are currently discussing nearly $ 2 trillion in a new package for health care, education and climate change, another broad item on Biden’s agenda.

House Democratic leaders expect the infrastructure bill to be voted on and sent to the Senate within a week, where it is expected to face changes.

The approval of the package caused a rift within the Republican Party because the Republican leadership in the House of Representatives urged its members to vote against the law, arguing that it would help Democrats move the separate social spending and climate bill. All Republicans oppose it.

Former US President Donald Trump has said that Republicans who voted for the bill should be ashamed of themselves for giving victory to Biden and Democrats.

Some members of the House of Representatives who voted for Trump have also received death threats after pro-Trump Republican Rep. Marjorie Taylor Green called them “traitors.”

Biden signed an executive order to enforce the law and create a working group to avoid wastage.

Follow our latest local and sports news and the latest political and economic developments via Google News



Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

Share post:


More like this

The easiest way to access the best UAE stocks

The most common way to invest in the UAE...

The Rising Demand for Model Ships in Dubai

Dubai, known for its stunning architecture and vibrant economy,...

Exhibition Stand Builders in Dubai

Dubai, a global hub for trade and commerce, is...

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...