Tag Archives: Infrastructure

Capitol Hill negotiators released their 2,702 page bipartisan infrastructure bill on Sunday night after a flurry of revisions over the weekend. One of the more significant last-minute edits concerns cryptocurrencies. The late addition aims to use the infrastructure bill to bring clarity to the way Americans report their digital assets – like bitcoin (BTC) or ethereum (ETH) – for tax purposes.  The measure could bring in billions in revenue, but “this is not a new tax on… Source link

By David Lawder and Joel Schectman    WASHINGTON, July 18 (Reuters) – U.S. lawmakers trying to salvage a $1.2 trillion bipartisan infrastructure bill have dropped a provision to beef up tax enforcement, Republican Senator Rob Portman said on Sunday, setting aside a significant revenue-raising measure.    The provision, aimed at increasing Internal Revenue Service (IRS) collections, will instead likely be added to a separate budget “reconciliation” bill being pushed by Democrats as a… Source link

NEW DELHI, July 15 (Reuters) – Alphabet Inc’s (GOOGL.O) Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said. The Google cloud region in Delhi and its outskirts is the U.S. tech giant’s second such piece of infrastructure in the country and the tenth in the Asia Pacific. “We have seen enormous growth in demand for Google cloud services… Source link

President Biden announced a huge bipartisan infrastructure deal on Thursday, then spent the next four days trying to assure progressive Democrats he will also fight hard to pass a more sweeping package while assuring moderate Republicans and Democrats he is totally committed to the bipartisan package and would sign it if it arrived at his desk. On Tuesday, Biden will host members of the Congressional Progressive Caucus at the White House to shore up support for the package on the left, then… Source link

President Biden at the White House with a bipartisan group of senators on June 24, before delivering remarks on the infrastructure deal. (Kevin Dietsch/Getty Images) I have always believed that there is nothing our nation can’t do when we decide to do it together. Last week, we began to write a new chapter in that story. After weeks of negotiations, a bipartisan group of United States senators forged an agreement to move forward on key portions of my American Jobs Plan — a… Source link

Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson, ETF Trends CEO Tom Lydon spoke to what investors should be expected following the recent infrastructure deal. As far as what ETFs to look at for the investors looking to find exposure based on the infrastructure deal, Lydon points out the Global X Infrastructure And Development ETF (PAVE), the iShares Global Infrastructure ETF (IGF), the iShares U.S. Infrastructure ETF (IFRA), the FlexShares STOXX Global Broad… Source link

As lawmakers offer dueling infrastructure proposals in an effort to get a bipartisan bill across the finish line, New Mexico Senator Martin Heinrich (D) is looking to a different option: pushing forward with the president’s climate priorities, through budget reconciliation. In an interview with Yahoo Finance Live, Heinrich said the infrastructure package and climate initiatives will likely “move in parallel” given the lack of Republican support for a broader $2 trillion proposal, focused… Source link

Sen. Lisa Murkowski (R-AK) (L) and Sen. Bill Cassidy (R-LA) (2nd R) leave the office of Senate Minority Leader Mitch McConnell (R-KY) following a meeting on Capitol Hill on June 09, 2021 in Washington, DC. Since the talks on infrastructure legislation with the White House fell through, a bipartisan group of senators have organized to try drafting a proposal themselves. (Photo by Anna Moneymaker/Getty Images) During the Trump presidency, “infrastructure week” became a running joke because… Source link

In the past few years, we’ve seen six ESG megatrends on the rise with trillions of dollars being invested into them, from cloud computing and clean water, to finance, resource efficiency and the mega of ESG megatrends–EVs. If 2020 was the year that broke the ESG bank. This year, and next, might see investors start to reap the rewards of Biden’s ultimate “green presidency”. In March, Biden unveiled a $2.3-trillion infrastructure plan. On Earth Day, Biden pledged to half U.S. greenhouse… Source link

TAMPA, Fla. — SpaceX will install ground stations within Google’s data centers for its Starlink broadband satellites under a new cloud partnership. The alliance aims to expand the reach of Google Cloud customers to their data, services and applications without the need for nearby cell towers.  After connecting to a Starlink constellation that is becoming increasingly available worldwide, they can increase performance by running applications within Google data centers. SpaceX… Source link