A core bipartisan group of 10 senators reached a deal with the White House on Thursday to spend $973 billion over five years, and $1.2 trillion if continued over eight years, on a package that would fund improvements to roads, bridges, transit, airports and enhanced infrastructure for broadband, water and electric vehicles. It leaves out many of President Biden’s top priorities for “human infrastructure” such as child care, elder care, and education provisions.
The bipartisan plan’s authors describe it as a framework, and note that some of the details remain to be ironed out, though they agreed on the major pieces and how to pay for them. Here’s what’s in the agreement, and what comes next.
WASHINGTON—President Biden and a group of 10 centrist senators agreed to a roughly $1 trillion infrastructure plan Thursday, securing a long-sought bipartisan deal that lawmakers and the White House will now attempt to shepherd through Congress alongside a broader package sought by Democrats.
Mr. Biden and Democratic leaders said that advancing the deal on transportation, water and broadband infrastructure will hinge on the passage of more elements of Mr. Biden’s $4 trillion economic agenda. The two-track process sets up weeks of delicate negotiations to gather support for both the bipartisan plan and a separate Democratic proposal, a challenging task in the 50-50 Senate and the narrowly Democratic-controlled House.
“What we agreed on today is what we could agree on. The physical infrastructure. There’s no agreement on the rest,” said Mr. Biden, who said he wouldn’t sign the bipartisan deal into law until a bill containing the rest of his agenda also is on his...
President Biden hailed his infrastructure deal as a job-creating economic boon, while progressive Democrats signaled they would give the president wiggle room on selling the plan, which they want paired with a wide-ranging antipoverty proposal.
Mr. Biden visited a transit station in La Crosse, Wis., offering a detailed rundown of the roughly $1 trillion agreement reached with a bipartisan group of lawmakers to modernize aging roads, bridges and broadband networks, eliminate lead from water pipes and build new charging stations for electric vehicles.
“This is a generational investment—a generational investment—to modernize our infrastructure, creating millions of good-paying jobs,” Mr. Biden said.
White House aides have been briefing lawmakers and their staff members in Congress about the framework, which provides $579 billion above expected federal infrastructure spending and was negotiated this month with a group of Democratic and Republican...
The homeownership gap between Black and white Americans has grown larger in recent years than at any time since the 1968 passage of the Fair Housing Act. In Minnesota’s biggest city, the gap is more like a canyon.
In the Minneapolis metro area, 77% of white residents own homes, compared with 25% of Black residents—a 52-percentage-point difference, larger than in any other major U.S. city, according to an analysis of census and survey data by the Minnesota State Demographic Center, a state agency.
A trove of new research suggests that one factor is a tool of discrimination from 100 years ago: racially restrictive covenants that were attached to thousands of Minneapolis homes in the early 20th century, prohibiting sales to many minorities.
Such covenants, which emerged nationwide around that time, made it harder for Black people in many cities to own property.
The U.S. Supreme Court in 1948 ruled that the covenants were unenforceable. Minnesota’s...
What do ice cream and activism have in common? Ben & Jerry’s has long been committed to both.
The company, founded in 1978 by Ben Cohen and Jerry Greenfield and acquired by Unilever in 2000, touts values such as human rights and economic justice as prominently as it introduces new flavors. Sometimes, it accomplishes both at the same time, such as when it rolled out its “Colin Kaepernick’s Change the Whirled” nondairy dessert, with a portion of proceeds going to the athlete’s Know Your Rights Camp organization to empower and support Black and brown communities. The company’s communications regularly include calls to action for everything from fighting racism in the cannabis industry to scrutinizing U.S. prisons.
In February, Chief Executive Matthew McCarthywrote an op-ed in support of legislation that would study the possibility of paying reparations to descendants of enslaved people in the U.S., calling on “other CEOs and business leaders to use our...
Microsoft is known as one of the more inclusive companies in the technology industry, with products including an adaptive Xbox controller and initiatives such as hiring people with autism and funding startups that use artificial intelligence to help people with disabilities. The company is also one of the few that has a chief accessibility officer, having created the role in 2010.
Jenny Lay-Flurrie assumed the post in 2016 as Microsoft restructured the accessibility division to make it more central to the company.
Growing up in a small rural, upstate New York town, I always heard that to be successful when you grew up, you had to live and work elsewhere. If you had told me, upon graduating from college in a big city, that I would instead pack my bags, send them home and take a job in the town I had left behind, I would have thought my career trajectory had gone deeply off track.
But I would have been wrong. When I decided to return home after graduation in May 2019 with a B.A. in political science, I was compelled by the idea that...
- KEY TAKEAWAYS:
Many of TikTok’s users are teens and young adults in their 20s and 30s. Some say the platform has successfully curated financial advice that was previously less accessible to younger consumers, but financial professionals and TikTok creators alike warn that not all the advice will be solid. Here are the pros and cons of relying on the short form video platform for your budgeting and investment strategies.
1. Pro: RelatabilityThere aren’t many financial education resources created with millennials and Gen Zers...
- KEY TAKEAWAYS:
Embarking on a closet clean-out has become increasingly trendy in recent years, accompanied by the rise of gurus like Marie Kondo, brands like The Home Edit, and rules like “one in, one out.” One writer is rebelling against the rise of tightly edited closets by embracing the forgotten pieces from her past. Here are three reasons why you should consider sticking with what you already own.
1. Upcycling is in.Transforming old or unwanted pieces into styles anew isn’t just good for the environment, it is a trend...
The lakeside city of Coeur d’Alene, Idaho, tops the list of the country’s hottest emerging housing markets, according to the ranking. The Wall Street Journal/Realtor.com Emerging Housing Market Index ranks the 300 biggest metro areas in the U.S. The rankings look at which housing markets are expected to provide a strong return on investment—and are a nice place to live. After Coeur d’Alene, the top metro areas in the ranking are Austin, Texas, Springfield, Ohio, and Billings, Mont. Spokane, Wash., just across the state border from Coeur d’Alene, ranks fifth.
KEY TAKEAWAYSaccBuyers from Western states are fleeing congested...The first time I lost my child care this pandemic, I panicked. The second time, I cried. By the fourth time, I began half-jokingly polling my colleagues about which they thought might happen first: Would I write a story about women leaving the workforce, or would I have to leave myself? Every day started to feel like a coin toss. Heads, I can do my job...
Being a working parent, or a human, has always come with some unpredictability. Children catch the stomach flu, snow days throw a wrench in big presentations, trains get stuck between stations. And still, most weekdays before last March, time to work felt like something you could count on. The biggest thing to battle was often ourselves, our tendencies toward procrastination or gossip by the coffee machine.
Now we’ve faced a year of question marks. There’s been the big, terrifying uncertainty: Will the virus hurt someone I love? Will my industry survive? Layered on top is this daily volatility, which...
If your eyes are glazing over while scrolling through job postings or if you are getting discouraged because you are not hearing back from companies: Fear not. You are not alone. Here’s an action-packed two-day boot camp to better position yourself to find a job, which features advice from hiring managers and recruiters at top companies.
There was no last will.
My husband and I knew we’d have our work cut out for us. My father-in-law’s death in November 2020 was a sudden end to a long-term illness, for which he and his children were unprepared. He didn’t have Covid-19, but the hospital’s pandemic-related restrictions had ruled out in-person visits, making it harder to understand his condition and manage his care.
We bought plane tickets to Florida for the next day when we learned his health was in rapid decline. We thought we would land right before he was transferred to hospice care, where my husband, Ryan, would be able to visit his father. But he didn’t make it through that night.
The next day, we boarded our flight as planned. What was supposed to be a last reunion became a recovery mission. Ryan tried to sleep while I made lists, based on Google search results and AARP articles, of what we needed to find. A last will, an inventory of bank accounts, credit cards, retirement...
- KEY TAKEAWAYS:
If you think of Amazon as powering next-day-delivery, Uber Eats wants you to think of them as powering next-hour-delivery. Food delivery apps saw an influx of customers during the Covid-19 pandemic as restaurants shut down. To maintain their new consumer base—and keep growing—some popular apps are expanding beyond hot meals into delivering nonperishables, groceries, and alcohol. Here are three reasons food delivery apps like Uber Eats and DoorDash are broadening their horizons.
1. Apps are looking for new revenue streams.Even...
On a warm December day at the end of 2019, I sat in my car in the parking lot of Whole Foods, crying my eyes out. I had just received a distressing email from my boss. Our relationship had been challenging for a while, but I stayed on because working as an editor in publishing gave me satisfaction. I knew the job couldn’t last and I tried to create an escape plan by taking on other part-time work, including two adjunct positions teaching English, with the hope that I could turn one of them into a new, full-time gig. That’s not what happened. Instead, I ground myself down working multiple jobs until I broke.
As...
When 25-year-old Grace Woodward has friends over to her apartment for the first time, they often react to her striking navy-blue walls by asking, “Did your landlord let you paint?”
Ms. Woodward, a graduate student at Yale Divinity School, says she doesn’t hesitate to tell them that the landlord is her mother. “I’m pretty open with people that my mom owns this and that I don’t pay rent,” says Ms. Woodward, who often goes on to explain that her mother had extra money after the sale of her house in Arlington, Va., in 2017, and was able to pay for the apartment in New Haven, Conn., in cash.
Like many people her age, Ms. Woodward is at ease discussing money with her peers. It’s a generation that some surveys have found is more candid and open about their finances—both the good and the bad—than their parents. For instance, a 2019 survey by CreditCards.com found that 61% of millennials were comfortable discussing credit-card debt with their friends, compared with...
- Become a problem solver. This will help you build your technical skill set and interpersonal relationships. Prioritize kindness and integrity in all your interactions at work. Go above and beyond. Seize every opportunity.
- Navigating the workplace involves understanding the nature of office politics and asking questions to learn more about how things work. Work to develop a good relationship with your manager, and don’t be afraid to highlight your accomplishments, especially when it is time for your performance review. Avoid job burnout by setting boundaries in the workplace. This will help you maintain work-life balance and keep achieving your goals.
The lakeside city of Coeur d’Alene, Idaho, tops the list of the country’s hottest emerging housing markets, according to the ranking. The Wall Street Journal/Realtor.com Emerging Housing Market Index ranks the 300 biggest metro areas in the U.S. The rankings look at which housing markets are expected to provide a strong return on investment—and are a nice place to live. After Coeur d’Alene, the top metro areas in the ranking are Austin, Texas, Springfield, Ohio, and Billings, Mont. Spokane, Wash., just across the state border from Coeur d’Alene, ranks fifth.
KEY TAKEAWAYSaccBuyers from Western states are fleeing congested...This interactive guide draws on tips and advice from experts contained in two WSJ articles (here and here) to simulate a conversation that will help you practice how to negotiate a job offer. Start the experience by pressing the “Tell Taylor about the job” button below. The chatbot uses the text you enter to make its replies.
Congratulations!
You have landed your dream job, but you are feeling nervous about the salary negotiations.
They linger at the bottom of Meg Keene’s inbox in the urgent bold of the unread.
“I think about them everyday,” she says of the emails to which she just can’t muster a response.
Sometimes she’ll click one open, remember it requires some sort of complicated answer, and swiftly retreat. The ceremonial end comes after a year or two, when she gives herself permission to delete—by pressing print.
“Now it’s in hard copy,” explains the 40-year old, who runs a wedding website in Oakland, Calif. “I’m like, well that’s done. It’s like closing the stress cycle.”
Email, that most workaday form of electronic communication, is more important than ever, with so many people working remotely in isolation. And it has the power to freak people out in a thousand different ways. With life on overdrive for many of us these days, mustering up the emotional fortitude for the perfect response feels even more stressful.
Salt Lake City has top-notch ski resorts, challenging bike trails and breathtaking views of the Wasatch Mountains. It also is home to the hottest job market in the U.S.
As the pandemic raged through the U.S. in 2020, no metropolitan area in the country expanded the size of its labor force more on a percentage basis than Utah’s capital. It also had the lowest average unemployment rate and the highest share of people working or looking for jobs. These signs of strength helped it rank first among 53 large metro areas in an annual examination of U.S. labor markets conducted by The Wall Street Journal, after ranking No. 4 in 2019.
Other cities that emerged as beacons to job seekers and businesses during the pandemic were, like Salt Lake City, located far from the coasts. Hubs in the Southwest and Midwest such as Austin, Denver, Indianapolis and Kansas City minimized employment losses, kept unemployment relatively low and retained and attracted workers in a year...
S&P500 | |||
---|---|---|---|
VIX | |||
Eurostoxx50 | |||
FTSE100 | |||
Nikkei 225 | |||
TNX (UST10y) | |||
EURUSD | |||
GBPUSD | |||
USDJPY | |||
BTCUSD | |||
Gold spot | |||
Brent | |||
Copper |
- Top 50 publishers (last 24 hours)