Economy1 hour ago (Apr 04, 2021 09:55AM ET)
© Reuters. Daily press briefing at the White House in Washington
WASHINGTON (Reuters) -U.S. President Joe Biden’s $2 trillion infrastructure plan contains investment that will foster job growth in the short- and long-term, including child care funding so more Americans get back to work, his top economic adviser said Sunday.
Biden’s blueprint to revitalize America’s infrastructure is designed to create more jobs and keep the economy going as the United States emerges from the coronavirus pandemic, Brian Deese, director of the National Economic Council, said in an interview with “Fox News Sunday.”
“But let’s also think for the longer term, about where those investments that we can make that will really drive, not just more job growth but better job growth, not just job growth in the short term but job growth for long term, by investing in our infrastructure, by investing in our research and development, in a way that we haven’t since the 1960s,” he said.
Deese joined several Biden administration officials on television news shows on Sunday to promote the plan, which has drawn strong opposition from Republicans as too expensive and too liberal.
Republican Senator Roy Blunt urged the administration to scale the plan way back, to focus on basics.
“If we’d go back and look at roads and bridges and ports and airports, and maybe even underground water systems and broadband, you’d still be talking about less than 30% of this entire package,” Blunt said on the Fox program.
Blunt said he believed that a less ambitious goal, of around $615 billion, would be more palatable to some of his Republican colleagues and get Biden the bipartisan deal he has said he wanted.
France lifts 2021 deficit, debt forecasts
By Reuters – Apr 04, 2021
PARIS (Reuters) – France’s public deficit is expected to reach 9% of gross domestic product (GDP) in 2021, French Finance Minister Bruno Le Maire said on Sunday, up from a…
Top 5 Things to Watch in Markets in the Week Ahead
By Investing.com – Apr 04, 2021
By Noreen Burke
Investing.com — The coming week looks set to be fairly quiet with the International Monetary Fund’s spring meeting and minutes from the Federal Reserve and the…
France cuts economic growth forecast to 5% amid lockdown
By Reuters – Apr 03, 2021
PARIS (Reuters) – The French economy will expand by 5% in 2021, Economy Minister Bruno Le Maire said in a newspaper interview, as a third lockdown to tackle the coronavirus…
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.