From traditional projects like roads and bridges to climate initiatives and programs outside the traditional infrastructure scope, President Joe Biden’s plan is an ambitious package he will try to pass through a nearly evenly split Congress in the coming months. Biden said the plan will invest about $2 trillion this decade. He dubbed his proposal…
Blunt Urges Biden to Cut Infrastructure Package by 70 Percent for ‘Easy Win’ on GOP Backing
Sen. Roy Blunt (R-Mo.) on Sunday accused Democrats of padding the infrastructure plan with unrelated pet spending projects, while urging President Joe Biden to pare it down by around two-thirds, saying it would then easily win Republican backing and give the White House the coveted badge of bipartisanship. Biden campaigned on being able to work across…
US Rolls out First Update to Flood Insurance Pricing in 50 Years
NEW YORK—Hundreds of thousands of Americans will pay significantly more to insure their homes in coastal areas and flood zones under new rules released on Thursday by the Federal Emergency Management Agency (FEMA), the first major update to its pricing system in half a century. The agency said that, over the coming year, it will…
Democratic Governors Push Biden to Lift Cap on SALT Tax Deductions
A group of powerful Democratic governors is pressuring President Joe Biden to lift a cap on state and local tax deductions, known as SALT. New York Gov. Andrew Cuomo, California Gov. Gavin Newsom, and five other governors wrote to Biden on April 2 praising his administration for steps it’s taken so far, including the $1.9…
IRS Announces Third Batch of Stimulus Checks, Including ‘Large Set’ to Social Security Beneficiaries
The Internal Revenue Service (IRS) said federal agencies have started disbursing a third batch of stimulus checks, with a large set of payments this time around going to Social Security and other federal beneficiaries, after reports that some people in this category experienced delays. The IRS, along with the Treasury Department and the Bureau of Fiscal Service,…
White House Wedges Pro-Union Provisions Into Infrastructure Plan
President Joe Biden tacked on measures to his infrastructure plan that make it easier for workers to organize and more difficult for them to avoid unionization. “[The plan will] create good-quality jobs … while ensuring workers have a free and fair choice to organize, join a union, and bargain collectively with their employers,” the White…
‘Cold War 2.0’: China Confronts the US With ‘No Holds Barred,’ Says Former National Security Adviser
Believing itself untouchable, China’s communist party is ramping up rhetoric about perceived American weaknesses in a bid to ascend as the next world leader, according to former deputy national security adviser KT McFarland. “They are looking at the rest of the world and saying, okay, America, you are where you are, but we want to…
Beware of the China Appeasement Crisis Looming in the US
Commentary Since the Chinese Communist Party (CCP) initiated the new Sino-U.S. cold war in the first half of 2020, the U.S. military has recognized the seriousness of the problem. It sped up its armament and issued a series of public reports on the CCP’s military threats. However, when the U.S. military tried to make up…
Biden Unveils $2 Trillion Plan to Fix Roads and ‘Reimagine’ a New Climate-Proof Economy
President Joe Biden will on Wednesday begin promoting his $2 trillion infrastructure plan, which besides aiming to fix roads and bridges also features an expansive climate change and social welfare agenda, with the White House calling it “the moment to reimagine and rebuild a new economy.” White House officials said on a call with reporters…
Infrastructure Plan a ‘Huge Power Grab, ‘Tremendous Waste’ Experts Say
The much-discussed infrastructure plan slated to cost over $3 trillion that President Joe Biden aims to pass this summer fails to deliver on traditional funding and amounts to a massive federal power grab, according to experts. While the details are still being hashed out, including whether the plan will cost closer to $3 trillion or…
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