Team Transitory Gets a U S Inflation Win -- But dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
2021-06-27 09:06:02 GMT2021-06-27 17:06:02(Beijing Time) Xinhua English
WASHINGTON, June 26 (Xinhua) U.S. President Joe Biden clarified on Saturday that he does not intend to issue a veto threat on a bipartisan infrastructure bill if it comes without a reconciliation bill on his other social spending priorities.
Though the president said he will work with Congress to pass the bills, questions remain as to whether Congress will eventually get both to the president s desk. At a press conference after announcing the bipartisan agreement, I indicated that I would refuse to sign the infrastructure bill if it was sent to me without my Families Plan and other priorities, including clean energy, Biden said in a statement released by the White House on Saturday afternoon.
Plans to pump money into rebuilding the nationâs roads, bridges and other infrastructure could give companies with ties to the construction industry a solid foundation for growth.
President Joe Biden announced Thursday that a bipartisan agreement had been reached on a $973 billion infrastructure plan. The pared-down plan calls for $559 billion in new spending over five years.
Companies such as Caterpillar, with its heavy machinery, and construction materials company Vulcan Materials could see years of additional business as roads and bridges are rebuilt and buildings are modernized. Both companiesâ shares rose Thursday after the bipartisan deal was struck. Smaller construction-related companies benefitted as well: Dycom, which provides contractor services to construction companies, rose nearly 6%.
Infrastructure spending promises boost for construction cos sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
US Fed chief says not time yet for tapering talk
By IANS |
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Millions of Americans set to lose pandemic relief benefits by 2020 end . Image Source: IANS News
Washington, April 29 : US Federal Reserve Chairman Jerome Powell said on Wednesday that it is not time yet to start talking about tapering the central bank s asset purchase program despite a strengthening economic recovery. We ve said we would let the public know when it is time to have that conversation. We said we would do that well in advance to the decision of tapering, Powell said at a virtual press conference after the Fed concluded a two-day policy meeting, Xinhua news agency reported.