Members of the Problem Solvers Caucus (PSC) in the House, a bipartisan group of moderates, have long opposed linking the Senate-passed infrastructure bill with the Democratic $3.5 trillion budget. Now, as the time for a vote on these bills is only days away, these moderates are keeping up that pressure. A Democratic coalition of nine…
House GOP Leadership Will Encourage Members to Vote Against Infrastructure Bill
In a statement from Rep. Steve Scalise’s (R-La.) office Wednesday, the House Minority Whip said that Republican leadership would be asking members to vote against the $1.2 trillion infrastructure bill. In the Senate, the infrastructure bill passed easily, with all 50 Democrats and 19 Republicans in the upper chamber supporting the bill. Of those, many…
China Looks to Weaponize Global Infrastructure: Report
In just a few years, China went from owning just a handful of seaports around the world to being one of the globe’s biggest port owners. It now controls some 100 ports in over 60 countries, on virtually every continent. Why is the Asian nation buying up the ocean-front property on such a scale? And…
Breakdown of Spending, State Appropriations in Senate-Passed $1.2 Trillion Infrastructure Bill
News Analysis The Infrastructure Investment and Jobs Act, passed by the Senate before its August recess, would appropriate over $1 trillion to federal- and state-level infrastructure projects. If the bill passes the House, states can expect to receive billions in federal funding for various projects. In general, appropriations to states vary by the state’s size…
Maryland Looks to Rake in More Than $4 Billion If Federal Infrastructure Bill Is Enacted
Maryland would receive billions of dollars from the Infrastructure Investment and Jobs Act if it is passed by the U.S. House of Representatives and signed into law. Gov. Larry Hogan, a Republican, has pushed for the bill during his tenure as chairman of the National Governors Association. In a statement, he praised the bill’s Aug….
Nine House Democrats Demand Pelosi Allow Passage of Infrastructure Bill Ahead of Budget Resolution
Nine Democrats in the House of Representatives on Thursday urged House Speaker Nancy Pelosi (D-Calif.) to quickly allow a vote on the Senate-passed infrastructure bill before the lower chamber considers the larger, $3.5 trillion budget resolution. The House should “immediately pass” the infrastructure legislation, they wrote to Pelosi. “We urge our House colleagues to follow…
Political Battle Shaping Up in Washington Over Debt Ceiling
News Analysis Even as Republicans and Democrats came together Tuesday to pass the Infrastructure Investment and Jobs Act, a political battle between the two is shaping up in Washington—this time over raising the debt ceiling. The debt ceiling, the federal government’s borrowing limit, can only be raised through congressional action. Should Congress fail to raise…
NTD Business Full Broadcast (Aug. 11)
Senate Democrats pass a $3.5 trillion budget blueprint, advancing President Biden’s vision for reshaping federal priorities. Southwest Airlines, feeling the squeeze of the Delta variant. New data shows fewer passengers are booking flights, and its third quarter may not turn a profit. And hackers steal $600 million worth of cryptocurrency from a crypto platform, but later return half of it….
An Overview of the $1.2 Trillion Bipartisan Infrastructure Bill
News Analysis The Senate passed the Infrastructure Investment and Jobs Act Tuesday morning after fierce debates over the bill in the House and Senate. The bill, at a $1.2 trillion price tag, is a far cry from the Democrats’ own $3.5 trillion plan. Still, some have criticized the bill for its content that goes beyond…
US Must Invest in Domestic Infrastructure, Innovation to Compete Against China: Blinken
The United States must prioritize investing in domestic infrastructure and innovation at home in order to compete abroad against foreign rivals, including China, Secretary of State Antony Blinken said Monday. Blinken, speaking at the University of Maryland, sought to establish that long-term domestic investment is critical to strengthen the nation’s national security and foreign policy, saying it…
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