Search Results for: BID

Treasury Secretary Janet Yellen pushed back against unfounded Republican criticism of the Democrats’ big coronavirus pandemic response package. Her statements aimed to clear up election-year misinformation by Trump loyalists and set the record straight about the current state of the U.S. economy. Evidence vindicated the steps taken in 2021 to “get our economy back on track.” With falling inflation, unemployment at 3.7% and the U.S. apparently defying predictions of a recession, Yellen defended the $1.9 trillion American Rescue Plan in remarks at a January conference meeting of U.S. Mayors in Washington. The stimulus package, which was passed into law...

As the U.S. presidential campaign moves closer to a Donald Trump-Joe Biden rematch, China is watching uneasily. First, there are concerns about the campaign itself, where candidates are likely to talk tough on China. That could threaten the fragile improvements in U.S.-China relations seen in recent months. Then there is the outcome of the November vote. Neither candidate is particularly appealing to Beijing. While Biden has looked for areas of cooperation with China, Beijing is concerned about his efforts to unite allies in the Indo-Pacific in a coalition against China. It’s also nervous about his approach to Taiwan after...

The last time President Joe Biden visited Superior, Wisconsin, he warned of the danger posed by the deteriorating John A. Blatnik Memorial Bridge. He pointed out the decades-old corrosion that had weakened the overpass connecting the two port cities in Wisconsin and Minnesota, and vowed to fix it. President Biden is returning to that bridge at the tip of Lake Superior on January 25 to announce nearly $5 billion in federal funding that would upgrade it and dozens of similar infrastructure projects nationwide, as the Democratic president jump-starts an election year push to persuade voters to reward him for...