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On Tuesday, the Trump administration said that it is preparing a nearly $1 trillion infrastructure proposal for transportation plans as part of its push to spur the world’s largest economy back to life.
A preliminary version prepared by the Department of Transportation (DOT) would reserve most of the money for traditional infrastructure work like roads and bridges. However, it would also set aside funds for 5G wireless infrastructure and rural broadband.
President Donald Trump is scheduled to discuss rural broadband access at a White House event on Thursday.
“Since he took office, President Trump has been serious about a bipartisan infrastructure package that rebuilds our crumbling roads and bridges, invests in future industries, and promotes permitting efficiency,” White House’s Spokesman Judd Deere stated in an interview.
The Trump administration plans to jump-start employment and the U.S. economy slowly recovers from the recession due to nationwide lock-downs amid the coronavirus outbreak.
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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