Tag Archives: plan

GLASGOW, Scotland — When the House of Representatives passed the $1.2 trillion infrastructure bill late Friday night, it took the largest congressional action to confront climate change in U.S. history. The bill contains $150 billion for clean energy advancement and adaptation to the effects of climate change, surpassing the 2009 economic stimulus package, which spent $90 billion on clean energy development and deployment. The new package also includes $73 billion for modernizing the U.S…. Source link

Senator Pat Toomey, ranking member of the Senate Banking Committee, says he’s prepared to fix the broad definition of a cryptocurrency broker that’s contained within the Biden administration’s infrastructure bill bogged down in Congress. The comments come as the House is pushing for an imminent vote on a $550 billion so-called “hard” infrastructure bill, which would invest in bridges to roads and the nation’s broadband, water and energy systems. The legislative language includes a… Source link

As heads of state gather in Glasgow, Scotland for a climate summit, much of the news will focus on nations setting carbon-reduction goals for decades down the road — long after those making the promises will be out of office. Setting ambitious long-term goals is good, but not good enough. Because more important than any promise countries make about 2050 is what they do between now and 2030. And what’s most important is what they do over the next few years about the biggest problem of all:… Source link

A key Democratic selling point of the new Build Back Better framework announced Thursday is that it’s fiscally responsible. “It’s fully paid for,” President Biden declared in a press briefing about the plan. “Over the next 10 years, it will not add to the deficit at all.” The White House summary of the bill goes even further and suggests the bill will actually reduce the deficit. On the spending side of the ledger, the president is pushing for $1.75 trillion in new spending offset… Source link

WASHINGTON — Cleaner sources of energy, harvested by machinery made in the United States. Early childhood education subsidized by the federal government. Cheaper hearing aids and expanded health care coverage. A million units of affordable housing. Those are just some of the “truly consequential” changes Americans will see if President Biden’s $1.75 trillion Build Back Better agenda survives the meat grinder of Capitol Hill, he said on Thursday. “We will own the future,” Biden… Source link

Getty images The former Google CEO and his wife, Wendy, announce the winners of their nearly year-long global competition to find and fund teenagers committed to changing the world. It’s just the beginning. Aryan Sharma is a promising 16-year-old in India. He’s already founded a couple small companies, one focused on education and another aimed at helping working-class Indians find jobs, but he has bigger ideas for ways to merge artificial intelligence and medicine. The… Source link

Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their proposed multi-trillion-dollar social spending plan, but opposition to that approach from Sen. Kyrsten Sinema of Arizona has sent lawmakers scrambling to find alternative ways to offset costs. Given Sinema’s resistance, there’s a growing chance that the corporate income tax rate could remain untouched in the Democratic budget bill. Even the compromise rate of 25% reportedly… Source link

T-Mobile and Google have announced they’re offering an “exclusive” plan with 500GB of Google One cloud storage for T-Mobile customers starting October 12th. The plan will cost $5 per month, the latest addition in an ongoing partnership between the search giant and the mobile carrier. Google offers Google One plans in a variety of sizes but, up until this point, didn’t have a 500GB tier, jumping from 200GB for $2.99 per month straight to 2TB for $9.99 per month. Anyone with a… Source link

Google is abandoning plans to pitch bank accounts to its users, marking a retreat from an effort to make the tech giant a bigger name in finance. The Alphabet Inc. GOOG 1.66% unit announced almost two years ago that users of its Google Pay digital wallet would be able to sign up for enhanced checking accounts and debit cards at a handful of financial institutions large and small, including Citigroup Inc. … Source link

BRUSSELS, Sept 28 (Reuters) – Google’s (GOOGL.O) plan to block a popular web tracking tool called “cookies” is anti-competitive, a group of advertisers, publishers and tech companies said in a complaint to EU antitrust regulators. The grievance could boost the European Commission’s investigation opened in June into Alphabet unit Google’s Privacy Sandbox which the company said could allow businesses to target clusters of consumers without identifying individuals. Google said a year ago that it… Source link