Hello. Today we look at whether President Joe Biden’s investment push is likely to get support from Republicans, the American infation outlook and prospects for an acceleration in the global economy in the second quarter.
The Battle Over Infrastructure
It was a running joke during the Trump administration that every week was infrastructure week.This week will provide a good idea as to whether there’s political space for a bipartisan deal on a major new U.S. infrastructure initiative now that Joe Biden is president.
Biden and congressional Republicans start out far apart. The White House is pushing a $2.25 trillion plan that includes items like money for elderly care the GOP says shouldn’t count as infrastructure. A handful of Republicans have floated a $568 billion, more-targeted proposal.
The partisan reactions to Friday’s shockingly weak…