Biden still pitching massive spending plans despite inflation surge

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Biden still pitching massive spending plans despite inflation surge

FOX Business2021-05-13

Biden holding second meeting with key lawmakers this week. President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...

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Glenn101
·2021-05-14
Like and Comment!
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- MySunshine:
  ok
  2021-05-14
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- Ahjennn:
  ResponD to my comment pls
  2021-05-14
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DesmondChin
·2021-05-14
All on you biden
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- Clementq:
  [强]
  2021-05-14
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Junski
·2021-05-14
Who will pay his trillion dollar debts? Biden’s selling the future of the nation’s children for his party’s political gain.
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AntonyGeorge
·2021-05-14
Masive
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WMIING
·2021-05-14
Like and comment pls. Ty
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- Snowranger:
  Done
  2021-05-14
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- XYSAYSYO:
  Cool
  2021-05-14
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Kikiooi
·2021-05-14
Cool
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ongcjeric
·2021-05-14
Pls comment
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thjiuan
·2021-05-14
Wow
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- ongcjeric:
  Pls comment
  2021-05-14
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- Stephen_Ong:
  Ok
  2021-05-14
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IchiGo
·2021-05-14
So benefit to banking and infrastructure stocks?
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5
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- ongcjeric:
  Pls comment
  2021-05-14
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- AhKeong:
  it would help majority of the trades I guessed.
  2021-05-14
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- AhSon:
  BerKshirE all the way’
  2021-05-14
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SK888
·2021-05-14
Like and comments
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- boonhong21:
  Need reply
  2021-05-14
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- Huathk:
  K
  2021-05-14
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EstherPang
·2021-05-14
Great
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- EstherPang:
  [龇牙]
  2021-05-14
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- 向上学习:
  [微笑]
  2021-05-14
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- EstherPang:
  [贱笑]
  2021-05-14
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kyawkh
·2021-05-14
Good
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ACECHUA
·2021-05-14
Great
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- LIAN230221:
  Like this
  2021-05-14
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- LIAN230221:
  Ok
  2021-05-14
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steven_tohhl
·2021-05-14
Biden please give positive news. Give a like and comment
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- SUPERCHARGER:
  Comment back leh
  2021-05-14
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- Sandy92:
  done. please help do the same
  2021-05-14
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Joanne93
·2021-05-14
Pls comment
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- Donovon:
  Done
  2021-05-14
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- png:
  Don't spend money how to make money
  2021-05-14
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真的钻石手
·2021-05-14
$AMC Entertainment(AMC)$to the moon ??
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crtyn
·2021-05-14
Please like and comment. Thanks
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4
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- Zfron:
  Comment back pls
  2021-05-14
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- Huathk:
  K
  2021-05-14
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NicNg
·2021-05-14
Please like and comment thanks
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- NicNg:
  Thabjs man!
  2021-05-15
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- NicNg:
  Thanks
  2021-05-14
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- NicNg:
  Pleas coment back
  2021-05-14
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moliya
·2021-05-14
It is taxpayer money....all are the same when spending taxpayer money
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- Fanshuu:
  Its just turning on a switch & new money comes out ?
  2021-05-14
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HengKuan
·2021-05-14
Like
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- 林癸源:
  [回头]
  2021-05-14
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Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":198825410,"gmtCreate":1620951919130,"gmtModify":1704350956987,"author":{"id":"3575528814174823","authorId":"3575528814174823","name":"Glenn101","avatar":"https://static.tigerbbs.com/9a6dce55b58bcea0be9143c1569dc7bd","vip":1,"crmLevel":4,"crmLevelSwitch":1},"htmlText":"Like and Comment!","listText":"Like and Comment!","text":"Like and Comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198825410","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320764,"gmtCreate":1620952115090,"gmtModify":1680788650823,"authorId":3570925416001387,"author":{"id":3570925416001387,"authorId":3570925416001387,"name":"MySunshine","avatar":"https://static.tigerbbs.com/256da1143b2fdf143004ba51ce72c154","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198825410,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4320729,"gmtCreate":1620952001789,"gmtModify":1680788645205,"authorId":3577578440393201,"author":{"id":3577578440393201,"authorId":3577578440393201,"name":"Ahjennn","avatar":"https://static.tigerbbs.com/6f889035f499e201d659d4e8e4b6671a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198825410,"type":1,"supId":0,"prevId":0,"content":"ResponD to my comment pls","text":"ResponD to my comment pls","html":"ResponD to my comment pls"}],"langContent":"EN"},{"id":198821686,"gmtCreate":1620951735845,"gmtModify":1704350951493,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1},"htmlText":"All on you biden","listText":"All on you biden","text":"All on you biden","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198821686","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320804,"gmtCreate":1620952273707,"gmtModify":1680788647678,"authorId":3565517584288202,"author":{"id":3565517584288202,"authorId":3565517584288202,"name":"Clementq","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198821686,"type":1,"supId":0,"prevId":0,"content":"[强]","text":"[强]","html":"[强]"}],"langContent":"EN"},{"id":198867700,"gmtCreate":1620951605200,"gmtModify":1704350946485,"author":{"id":"3574483362627447","authorId":"3574483362627447","name":"Junski","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Who will pay his trillion dollar debts? Biden’s&nbsp;selling the future of the nation’s children for his party’s political gain.","listText":"Who will pay his trillion dollar debts? Biden’s&nbsp;selling the future of the nation’s children for his party’s political gain.","text":"Who will pay his trillion dollar debts? Biden’s selling the future of the nation’s children for his party’s political gain.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198867700","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198888867,"gmtCreate":1620951010359,"gmtModify":1704350924070,"author":{"id":"3575960528012254","authorId":"3575960528012254","name":"AntonyGeorge","avatar":"https://static.tigerbbs.com/42c9567b5a3657003840b0dc4fcee15c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Masive","listText":"Masive","text":"Masive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198888867","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198838218,"gmtCreate":1620950177734,"gmtModify":1704350896037,"author":{"id":"3554213821224025","authorId":"3554213821224025","name":"WMIING","avatar":"https://static.tigerbbs.com/39217f40d9dc4a9a15fac00f34f63d83","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Like and comment pls. Ty","listText":"Like and comment pls. Ty","text":"Like and comment pls. Ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198838218","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320289,"gmtCreate":1620950400478,"gmtModify":1680788642938,"authorId":3582013295209832,"author":{"id":3582013295209832,"authorId":3582013295209832,"name":"Snowranger","avatar":"https://static.tigerbbs.com/dfac7c612eed065a985994d454b7693a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198838218,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4320235,"gmtCreate":1620950237193,"gmtModify":1680788639572,"authorId":3570709468812342,"author":{"id":3570709468812342,"authorId":3570709468812342,"name":"XYSAYSYO","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198838218,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"}],"langContent":"EN"},{"id":198892894,"gmtCreate":1620949849118,"gmtModify":1704350885359,"author":{"id":"3574639507377836","authorId":"3574639507377836","name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198892894","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198898935,"gmtCreate":1620949739627,"gmtModify":1704350881587,"author":{"id":"3576895774513119","authorId":"3576895774513119","name":"ongcjeric","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"crmLevel":8,"crmLevelSwitch":0},"htmlText":"Pls comment","listText":"Pls comment","text":"Pls comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198898935","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198806465,"gmtCreate":1620949457057,"gmtModify":1704350869739,"author":{"id":"3581671754017347","authorId":"3581671754017347","name":"thjiuan","avatar":"https://static.tigerbbs.com/50383f0751a2cfb1711a9bfaa07f954f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198806465","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320096,"gmtCreate":1620949750721,"gmtModify":1680788642374,"authorId":3576895774513119,"author":{"id":3576895774513119,"authorId":3576895774513119,"name":"ongcjeric","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","exceedPercentage":"93.34%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198806465,"type":1,"supId":0,"prevId":0,"content":"Pls comment","text":"Pls comment","html":"Pls comment"},{"id":4320021,"gmtCreate":1620949543118,"gmtModify":1680788631494,"authorId":3574855311502838,"author":{"id":3574855311502838,"authorId":3574855311502838,"name":"Stephen_Ong","avatar":"https://static.tigerbbs.com/6007ebee17e54499c7c6f8d071e5d0fe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198806465,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":198809119,"gmtCreate":1620949317431,"gmtModify":1704350863298,"author":{"id":"3571108991612603","authorId":"3571108991612603","name":"IchiGo","avatar":"https://static.tigerbbs.com/c7799d84b640de8d882c175fa85737b5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"So benefit to banking and infrastructure stocks?","listText":"So benefit to banking and infrastructure stocks?","text":"So benefit to banking and infrastructure stocks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/198809119","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320099,"gmtCreate":1620949757012,"gmtModify":1680788644632,"authorId":3576895774513119,"author":{"id":3576895774513119,"authorId":3576895774513119,"name":"ongcjeric","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","exceedPercentage":"93.34%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"Pls comment","text":"Pls comment","html":"Pls comment"},{"id":4320101,"gmtCreate":1620949761913,"gmtModify":1680788643849,"authorId":3579764463709225,"author":{"id":3579764463709225,"authorId":3579764463709225,"name":"AhKeong","avatar":"https://community-static.tradeup.com/news/b20c0291da6c54ef8f3c421a4ed45c27","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"it would help majority of the trades I guessed.&nbsp;","text":"it would help majority of the trades I guessed.&nbsp;","html":"it would help majority of the trades I guessed.&nbsp;"},{"id":4320274,"gmtCreate":1620950349890,"gmtModify":1680788643516,"authorId":3562559237461627,"author":{"id":3562559237461627,"authorId":3562559237461627,"name":"AhSon","avatar":"https://static.tigerbbs.com/93b572e6d31fbbe91fbc1aeca083aee9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"BerKshirE all the way’","text":"BerKshirE all the way’","html":"BerKshirE all the way’"},{"id":4320045,"gmtCreate":1620949585834,"gmtModify":1680788634117,"authorId":3575147848250182,"author":{"id":3575147848250182,"authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4320017,"gmtCreate":1620949539801,"gmtModify":1680788631701,"authorId":3577229760496516,"author":{"id":3577229760496516,"authorId":3577229760496516,"name":"木吉蒂","avatar":"https://static.tigerbbs.com/89290f2c42589f1e42296c61dde71238","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.22","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"<u>Ya</u>","text":"<u>Ya</u>","html":"<u>Ya</u>"}],"langContent":"EN"},{"id":198172323,"gmtCreate":1620949126962,"gmtModify":1704350856518,"author":{"id":"3556618016506146","authorId":"3556618016506146","name":"SK888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Like and comments","listText":"Like and comments","text":"Like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198172323","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4320046,"gmtCreate":1620949594598,"gmtModify":1680788630346,"authorId":3575147848250182,"author":{"id":3575147848250182,"authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198172323,"type":1,"supId":0,"prevId":0,"content":"Need reply","text":"Need reply","html":"Need reply"},{"id":4319897,"gmtCreate":1620949191347,"gmtModify":1680788629013,"authorId":3573472992263411,"author":{"id":3573472992263411,"authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198172323,"type":1,"supId":0,"prevId":0,"content":"K","text":"K","html":"K"}],"langContent":"EN"},{"id":198147589,"gmtCreate":1620948918041,"gmtModify":1704350846997,"author":{"id":"3576365817943823","authorId":"3576365817943823","name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/198147589","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4325247,"gmtCreate":1620980852512,"gmtModify":1680788735061,"authorId":3576365817943823,"author":{"id":3576365817943823,"authorId":3576365817943823,"name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198147589,"type":1,"supId":4320188,"prevId":0,"content":"[龇牙]","text":"[龇牙]","html":"[龇牙]"},{"id":4320188,"gmtCreate":1620950090227,"gmtModify":1680788638702,"authorId":3576884869412058,"author":{"id":3576884869412058,"authorId":3576884869412058,"name":"向上学习","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198147589,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"},{"id":4319848,"gmtCreate":1620949029598,"gmtModify":1680788634559,"authorId":3576365817943823,"author":{"id":3576365817943823,"authorId":3576365817943823,"name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198147589,"type":1,"supId":0,"prevId":0,"content":"[贱笑]","text":"[贱笑]","html":"[贱笑]"}],"langContent":"EN"},{"id":198144707,"gmtCreate":1620948889209,"gmtModify":1704350846010,"author":{"id":"3581998173257990","authorId":"3581998173257990","name":"kyawkh","avatar":"https://static.tigerbbs.com/b6819d2405688957eac033bb43e588a5","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198144707","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198141274,"gmtCreate":1620948666798,"gmtModify":1704350840755,"author":{"id":"3583096540214259","authorId":"3583096540214259","name":"ACECHUA","avatar":"https://static.tigerbbs.com/3d6bf1e1542321e4f354a78287c1e560","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198141274","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319807,"gmtCreate":1620948874935,"gmtModify":1680788633991,"authorId":3577137894024224,"author":{"id":3577137894024224,"authorId":3577137894024224,"name":"LIAN230221","avatar":"https://static.tigerbbs.com/2e67ec99c7595bec06dd19e19f03d461","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198141274,"type":1,"supId":0,"prevId":0,"content":"Like this","text":"Like this","html":"Like this"},{"id":4319818,"gmtCreate":1620948907772,"gmtModify":1680788632223,"authorId":3577137894024224,"author":{"id":3577137894024224,"authorId":3577137894024224,"name":"LIAN230221","avatar":"https://static.tigerbbs.com/2e67ec99c7595bec06dd19e19f03d461","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198141274,"type":1,"supId":4319807,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":198141134,"gmtCreate":1620948663328,"gmtModify":1704350838462,"author":{"id":"3581623655917850","authorId":"3581623655917850","name":"steven_tohhl","avatar":"https://static.tigerbbs.com/d8aa0a1a1a330f5dba66a57003463e6c","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Biden please give positive news. Give a like and comment&nbsp;","listText":"Biden please give positive news. Give a like and comment&nbsp;","text":"Biden please give positive news. Give a like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198141134","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319822,"gmtCreate":1620948913360,"gmtModify":1680788634452,"authorId":3561239881014940,"author":{"id":3561239881014940,"authorId":3561239881014940,"name":"SUPERCHARGER","avatar":"https://static.tigerbbs.com/1d8977ccd4cef3718d77de1198ec99b1","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198141134,"type":1,"supId":4319809,"prevId":0,"content":"Comment back leh","text":"Comment back leh","html":"Comment back leh"},{"id":4319809,"gmtCreate":1620948882948,"gmtModify":1680788630445,"authorId":3563504647645776,"author":{"id":3563504647645776,"authorId":3563504647645776,"name":"Sandy92","avatar":"https://static.tigerbbs.com/9f86355f6dbed4dfca34d989df1a36e1","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198141134,"type":1,"supId":0,"prevId":0,"content":"done. please help do the same","text":"done. please help do the same","html":"done. please help do the same"}],"langContent":"EN"},{"id":198140827,"gmtCreate":1620948583569,"gmtModify":1704350834684,"author":{"id":"3573553710836358","authorId":"3573553710836358","name":"Joanne93","avatar":"https://static.tigerbbs.com/9c967d9964ec9b441fa6dd9a144f939e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Pls comment&nbsp;","listText":"Pls comment&nbsp;","text":"Pls comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198140827","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319736,"gmtCreate":1620948614196,"gmtModify":1680788632465,"authorId":3563067678826056,"author":{"id":3563067678826056,"authorId":3563067678826056,"name":"Donovon","avatar":"https://static.tigerbbs.com/0c49b742fc2acedd0736cd6626a70aee","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.28%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198140827,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4319752,"gmtCreate":1620948669297,"gmtModify":1680788627125,"authorId":3581504637056720,"author":{"id":3581504637056720,"authorId":3581504637056720,"name":"png","avatar":"https://static.tigerbbs.com/44e954d581f3ae4d62de4c43d6dd1974","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.29","exceedPercentage":"60.73%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198140827,"type":1,"supId":4319736,"prevId":0,"content":"Don't spend money how to make money","text":"Don't spend money how to make money","html":"Don't spend money how to make money"}],"langContent":"EN"},{"id":198157683,"gmtCreate":1620948543742,"gmtModify":1704350833006,"author":{"id":"3574980150965538","authorId":"3574980150965538","name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":1},"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to the moon ??","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>to the moon ??","text":"$AMC Entertainment(AMC)$to the moon ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198157683","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":198151167,"gmtCreate":1620948269459,"gmtModify":1704350824311,"author":{"id":"3581556523917541","authorId":"3581556523917541","name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/198151167","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319690,"gmtCreate":1620948432550,"gmtModify":1680788629944,"authorId":3573634322541563,"author":{"id":3573634322541563,"authorId":3573634322541563,"name":"Zfron","avatar":"https://static.tigerbbs.com/70ecdc2067440ea2fe4b2c600ae46f73","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151167,"type":1,"supId":0,"prevId":0,"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"},{"id":4319900,"gmtCreate":1620949202438,"gmtModify":1680788629290,"authorId":3573472992263411,"author":{"id":3573472992263411,"authorId":3573472992263411,"name":"Huathk","avatar":"https://static.tigerbbs.com/43c7168c646d9ea6805194ed0003f1cc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151167,"type":1,"supId":4319690,"prevId":0,"content":"K","text":"K","html":"K"}],"langContent":"EN"},{"id":198151306,"gmtCreate":1620948266705,"gmtModify":1704350824147,"author":{"id":"3582026261569572","authorId":"3582026261569572","name":"NicNg","avatar":"https://static.tigerbbs.com/71eb77fb27db665fb403edf640e59617","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment thanks","listText":"Please like and comment thanks","text":"Please like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/198151306","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4329739,"gmtCreate":1621020860720,"gmtModify":1680788806208,"authorId":3582026261569572,"author":{"id":3582026261569572,"authorId":3582026261569572,"name":"NicNg","avatar":"https://static.tigerbbs.com/71eb77fb27db665fb403edf640e59617","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151306,"type":1,"supId":4319693,"prevId":0,"content":"Thabjs man!","text":"Thabjs man!","html":"Thabjs man!"},{"id":4319915,"gmtCreate":1620949245162,"gmtModify":1680788627707,"authorId":3582026261569572,"author":{"id":3582026261569572,"authorId":3582026261569572,"name":"NicNg","avatar":"https://static.tigerbbs.com/71eb77fb27db665fb403edf640e59617","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151306,"type":1,"supId":4319693,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4319947,"gmtCreate":1620949348048,"gmtModify":1680788627068,"authorId":3582026261569572,"author":{"id":3582026261569572,"authorId":3582026261569572,"name":"NicNg","avatar":"https://static.tigerbbs.com/71eb77fb27db665fb403edf640e59617","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151306,"type":1,"supId":4319693,"prevId":0,"content":"Pleas coment back","text":"Pleas coment back","html":"Pleas coment back"},{"id":4319693,"gmtCreate":1620948441128,"gmtModify":1680788626442,"authorId":3573634322541563,"author":{"id":3573634322541563,"authorId":3573634322541563,"name":"Zfron","avatar":"https://static.tigerbbs.com/70ecdc2067440ea2fe4b2c600ae46f73","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151306,"type":1,"supId":0,"prevId":0,"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"langContent":"EN"},{"id":198127571,"gmtCreate":1620948135693,"gmtModify":1704350819415,"author":{"id":"3552850525395609","authorId":"3552850525395609","name":"moliya","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":2,"crmLevelSwitch":1},"htmlText":"It is taxpayer money....all are the same when spending taxpayer money","listText":"It is taxpayer money....all are the same when spending taxpayer money","text":"It is taxpayer money....all are the same when spending taxpayer money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198127571","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319703,"gmtCreate":1620948517981,"gmtModify":1680788626734,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Fanshuu","avatar":"https://static.tigerbbs.com/27c3506ac91aba524d8796fabd50c2f8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198127571,"type":1,"supId":0,"prevId":0,"content":"Its just turning on a switch &amp; new money comes out ?","text":"Its just turning on a switch &amp; new money comes out ?","html":"Its just turning on a switch &amp; new money comes out ?"}],"langContent":"EN"},{"id":198127603,"gmtCreate":1620948125502,"gmtModify":1704350819742,"author":{"id":"3561674412609852","authorId":"3561674412609852","name":"HengKuan","avatar":"https://static.tigerbbs.com/62bcac9aecdc128035098328c87aa231","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198127603","repostId":1198935836,"repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://www.laohu8.com/m/news/1198935836?lang=&edition=full","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4323660,"gmtCreate":1620967051381,"gmtModify":1680788706761,"authorId":3581608528633395,"author":{"id":3581608528633395,"authorId":3581608528633395,"name":"林癸源","avatar":"https://community-static.tradeup.com/news/64ab6cd5db62119f730277b3a65da70c","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198127603,"type":1,"supId":0,"prevId":0,"content":"<p>[回头] </p>","text":"<p>[回头] </p>","html":"<p>[回头] </p>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":266,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}