Tuesday, July 27

Infrastructure

Bernie Sanders, BI Graphics, Economy, Elizabeth Warren, Fight for 15, Infrastructure, Kyrsten Sinema, Markets, Minimum Wage, Minimum Wage Challenge, Minimum wage increase, Mitt Romney, Moderates, Rob Portman, Tom Carper, Tom Cotton

Inside the disagreement and inaction in Congress over raising the minimum wage, which hasn’t gone up in 12 years

The federal minimum wage was last raised on July 24, 2009 — 12 years ago. As legislators squabble over infrastructure, the minimum wage is still nowhere to be found. Democrats do still want to raise it, but the party is split on how and when to do it — and how much. LoadingSomething is loading. The federal minimum wage was last raised on July 2...
Alexandria Ocasio-Cortez, Infrastructure, infrastructure bill 2021, Medicaid, Politics

Rep. Alexandria Ocasio-Cortez praised the $3.5 trillion infrastructure bill as a’progressive victory’

Rep. Alexandria Ocasio-Cortez praised the $3.5 trillion reconciliation package announced by Senate Dems on Tuesday. It would stand with the $579 billion infrastructure deal that President Biden struck with the GOP last month. Without progressive lawmakers, she said, "we probably would be stuck with that tiny, pathetic bipartisan bill alone." LoadingSomething is loading. ...
Congress, Coronavirus relief, Deficit spending, Democrats, Economy, Infrastructure, Joe Manchin, National Debt, Politics, Republicans, White House

Joe Manchin doubles down on refusing to add to the deficit to fund a Democrat-only infrastructure plan

Manchin doubled down on his insistence to fully finance a Democrat-only infrastructure package. "I think we've put enough free money out," he said, citing the federal response to the pandemic. Manchin's support is critical for Democrats in an evenly-divided Senate. ISee more stories on Insider's business page. Sen. Joe Manchin is ruling out borrowing money to finance a party-line infrastructure package as Senate Democrats deliberate the range of tax increases that would be needed to pay for President Joe Biden's agenda.'I think everything should be paid for now," he told reporters. "I think we've put enough free money out."Manchin ...
angus king, Bernie Sanders, Biden infrastructure plan, Congress, Democrats, Economy, Infrastructure, Joe Biden, Joe Manchin, Jon Tester, original reporting, Politics, Republicans, Stimulus, White House

Bernie Sanders says he wants over $3.5 trillion for a Democrat-only infrastructure package. Senate Democrats aren’t ready to commit.

Sanders wants a Democrat-only infrastructure bill that's larger than $3.5 trillion. "I'm going to fight to make that proposal as robust as it can be," he said outside the White House. Talks are in their early stages, and Insider spoke to several Democrats who weren't ready to commit. See more stories on Insider's business page. Sen. Bernie Sanders on Monday said he's pushing Democrat-only infrastructure package larger than $3.5 trillion, as Senate Democrats kicked off a frenzied legislative period."I'm going to fight to make that proposal as robust as it can be," Sanders told reporters outside the White House after an afternoon mee...
Bernie Sanders, Biden administration, Biden infrastructure plan, Childcare, Congress, Economy, House, Infrastructure, Joe Biden, Joe Manchin, National Debt, Policy, Politics, Republicans, Senate, Stimulus, Taxes, White House

Bernie Sanders said he’d oppose a $3 trillion Democrat-only infrastructure plan since it’s’much too low,’ potentially setting up spending showdown with Manchin

Sanders ruled out backing a Democrat-only infrastructure plan below $3 trillion. "That's much too low," he told New York Times opinion columnist Maureen Dowd. It may set up a confrontation with centrists like Joe Manchin, who favor a smaller plan. See more stories on Insider's business page. Sen. Bernie Sanders indicated that he would oppose a Democrat-only spending bill if its price tag didn't top $3 trillion, brushing anything lower as too meager. It may set the stage for a confrontation between Sanders and moderate Democrats looking to restrain the size of a follow-up package.In an interview with New York Times opinion columnist...
Bernie Sanders, Donald Trump, Economy, Infrastructure, infrastructure bill 2021, Politics, Reconciliation, Senate, tax reform 2017, weekend BI US

Trump warns Senate Republicans that they’re’being played’ over’fake infrastructure proposals’

Trump warned Senate Republicans to nix working with Democrats on a bipartisan infrastructure bill. "You are just being played by the Radical Left Democrats," the former president said on Friday. Democrats hope to pass a separate and more robust infrastructure bill through reconciliation. Sign up for the 10 Things in Politics daily newsletter. LoadingSomething is loading. ...
Climate change, climate change investment, climate crisis, Economy, Infrastructure, infrastructure spending, Markets

Climate change has already started reshaping the economy and it’s only going to get worse

Summer 2021 is a climate crisis, from the Florida condo collapse to the Northwest heat dome to NYC's tropical storm. Experts say people are becoming more aware of the climate crisis as a force, but not its wide-ranging effects. Meanwhile, a potential infrastructure package with pared-down climate measures looms on the horizon. See more stories on Insider's business page. The toll of the increasingly climate crisis on daily life has become clear. Just ask President Joe Biden."Interesting to me — I didn't raise it — but how many of the survivors and how many of the families talked about the impact of global warming," Biden told repor...
Biden infrastructure plan, Congress, Economy, House, Infrastructure, Joe Biden, Markets, Mitch McConnell, Nancy Pelosi, Policy, Politics, Reconciliation, Senate, Stimulus, Taxes

Pelosi rebuffs McConnell’s demands on infrastructure, holding firm on clearing a Democrat-only social spending plan

Nancy Pelosi just brushed back Mitch McConnell's demands on infrastructure. She's holding firm on her commitment to clear a bipartisan deal only after Senate Democrats approve a party-line bill. The reconciliation package is poised to be full of social initiatives the GOP fiercely opposes. See more stories on Insider's business page. House Speaker Nancy Pelosi is holding firm on her commitment to not approve a $579 billion bipartisan infrastructure agreement until a party-line package reaches the lower chamber."The statement that I made as such is the statement I stand by," Pelosi told reporters at a press conference, adding that H...
Amtrak, Baltimore, Congress, High-speed train, Infrastructure, infrastructure bill 2021, Maryland, Politics, President Joe Biden, railroad, Transportation, tunnel

An 1870s-era rail tunnel used by Amtrak could be a possible beneficiary of federal infrastructure funding

Amtrak and the state of Maryland last week came to an agreement on a $4 billion plan to replace the deteriorating Baltimore & Potomac (B&P) Tunnel in Baltimore, a key bottleneck along Amtrak's heavily trafficked Northeast Corridor, according to The Washington Post.The replacement tunnel is slated to be built in the next decade, with the tunnel having the ability to transport electric-powered trains.For years, the current tunnel has transported Amtrak, Maryland's MARC commuter trains, and commercial rail traffic through the state's largest city.But trains slow down to 30 miles per hour along the 148-year-old two-track tunnel, which often creates delays throughout the rail corridor.A replacement tunnel, roughly half a mile north of the existing tubes, would allow trains to move up to 100 ...