Australian Prime Minister Anthony Albanese has confirmed that the highly anticipated Quad leaders meeting would not go ahead in Sydney next week, after US President Joe Biden pulled off his Australia visit amid a looming domestic political and economic crisis at home.
The U.S. Weak Employment Report raises tensions ahead of talks on new spending
A Weak US jobs report political tensions have escalated ahead of bilateral talks between the White House and lawmakers over Joe Biden’s next multi-billion dollar economic plans, making the path to the deal even more difficult.
After publishing data showing Friday that the pace of hiring in the U.S. economy dropped from 770,000 in March to 226,000 in April to 2270,000, Biden asked Congress to pass additional economic legislation that already approved the $ 1.9 million fiscal stimulus.
He asked lawmakers to propose $ 2.3 million in infrastructure spending and $ 1.8 million in security spending on social media in a decade, paid for by higher taxes on the rich and corporations.