Biden still pitching massive spending plans despite inflation surge_老虎社区_美港股上老虎

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 ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

266

Glenn101
·2021-05-14
Like and Comment!
回复
3
举报
收起
- Ahjennn:
  ResponD to my comment pls
  2021-05-14
  回复
  举报
- MySunshine:
  ok
  2021-05-14
  回复
  举报
DesmondChin
·2021-05-14
All on you biden
回复
2
举报
收起
- Clementq:
  [强]
  2021-05-14
  回复
  举报
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.
回复
点赞
举报
AntonyGeorge
·2021-05-14
Masive
回复
点赞
举报
WMIING
·2021-05-14
Like and comment pls. Ty
回复
2
举报
收起
- XYSAYSYO:
  Cool
  2021-05-14
  回复
  举报
- Snowranger:
  Done
  2021-05-14
  回复
  举报
Kikiooi
·2021-05-14
Cool
回复
点赞
举报
Ongcj
·2021-05-14
Pls comment
回复
1
举报
thjiuan
·2021-05-14
Wow
回复
1
举报
收起
- Stephen_Ong:
  Ok
  2021-05-14
  回复
  举报
- Ongcj:
  Pls comment
  2021-05-14
  回复
  举报
IchiGo
·2021-05-14
So benefit to banking and infrastructure stocks?
回复
5
举报
收起
- 木吉蒂:
  Ya
  2021-05-14
  回复
  举报
- boonhong21:
  Yes
  2021-05-14
  回复
  举报
- Ongcj:
  Pls comment
  2021-05-14
  回复
  举报
查看更多 2 条评论
SK888
·2021-05-14
Like and comments
回复
2
举报
收起
- Huathk:
  K
  2021-05-14
  回复
  举报
- boonhong21:
  Need reply
  2021-05-14
  回复
  举报
EstherPang
·2021-05-14
Great
回复
2
举报
收起
- EstherPang:
  [贱笑]
  2021-05-14
  回复
  举报
- 向上学习:
  [微笑]
  2021-05-14
  回复
  举报
- EstherPang:
  [龇牙]
  2021-05-14
  回复
  举报
kyawkh
·2021-05-14
Good
回复
1
举报
ACECHUA
·2021-05-14
Great
回复
3
举报
收起
- LIAN230221:
  Like this
  2021-05-14
  回复
  举报
- LIAN230221:
  Ok
  2021-05-14
  回复
  举报
steven_tohhl
·2021-05-14
Biden please give positive news. Give a like and comment
回复
2
举报
收起
- Sandy92:
  done. please help do the same
  2021-05-14
  回复
  举报
- SUPERCHARGER:
  Comment back leh
  2021-05-14
  回复
  举报
Joanne93
·2021-05-14
Pls comment
回复
2
举报
收起
- Donovon:
  Done
  2021-05-14
  回复
  举报
- png:
  Don't spend money how to make money
  2021-05-14
  回复
  举报
真的钻石手
·2021-05-14
$AMC Entertainment(AMC)$to the moon 🚀🌝
回复
3
举报
crtyn
·2021-05-14
Please like and comment. Thanks
回复
4
举报
收起
- Zfron:
  Comment back pls
  2021-05-14
  回复
  举报
- Huathk:
  K
  2021-05-14
  回复
  举报
NicNg
·2021-05-14
Please like and comment thanks
回复
3
举报
收起
- Zfron:
  Comment back pls
  2021-05-14
  回复
  举报
- NicNg:
  Thanks
  2021-05-14
  回复
  举报
- NicNg:
  Pleas coment back
  2021-05-14
  回复
  举报
查看更多 1 条评论
moliya
·2021-05-14
It is taxpayer money....all are the same when spending taxpayer money
回复
2
举报
收起
- Potato3:
  Its just turning on a switch & new money comes out 😅
  2021-05-14
  回复
  举报
HengKuan
·2021-05-14
Like
回复
7
举报
收起
- 林癸源:
  [回头]
  2021-05-14
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1198935836?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-05-13 23:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198935836","market":"us","top_or_hot":-1,"title":"Biden still pitching massive spending plans despite inflation surge","media":"FOX Business","content":"<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\">网页链接</a>\n\n</div>\n","source":"lsy1602566126337","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\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".IXIC","symbol_name":"NASDAQ Composite","start_time":0,"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","article_id":"1198935836","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","pubTimestamp":1620920384,"sourceInfo":{"source_id":"lsy1602566126337","name":"FOX Business"},"weMediaInfo":null,"summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","collect":0,"end_time":0,"defaultTopTitle":"foxbusiness.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"translate_title":"拜登在通胀飙升的情况下仍推出大规模支出计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"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.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":198825410,"gmtCreate":1620951919130,"gmtModify":1634195054344,"author":{"id":"3575528814174823","authorId":"3575528814174823","authorIdStr":"3575528814174823","name":"Glenn101","avatar":"https://static.tigerbbs.com/9a6dce55b58bcea0be9143c1569dc7bd","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575528814174823"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4320729,"gmtCreate":1620952001789,"gmtModify":1635495801885,"authorId":3577578440393201,"author":{"id":3577578440393201,"authorId":3577578440393201,"name":"Ahjennn","avatar":"https://static.tigerbbs.com/6f889035f499e201d659d4e8e4b6671a","vip":1,"crmLevel":5,"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"},{"id":4320764,"gmtCreate":1620952115090,"gmtModify":1635495798602,"authorId":3570925416001387,"author":{"id":3570925416001387,"authorId":3570925416001387,"name":"MySunshine","avatar":"https://static.tigerbbs.com/256da1143b2fdf143004ba51ce72c154","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198825410,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":198821686,"gmtCreate":1620951735845,"gmtModify":1634195057674,"author":{"id":"3578983795474363","authorId":"3578983795474363","authorIdStr":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":0,"idStr":"3578983795474363"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1635495794646,"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":1634195060486,"author":{"id":"3574483362627447","authorId":"3574483362627447","authorIdStr":"3574483362627447","name":"Junski","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574483362627447"},"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://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195073828,"author":{"id":"3575960528012254","authorId":"3575960528012254","authorIdStr":"3575960528012254","name":"AntonyGeorge","avatar":"https://static.tigerbbs.com/42c9567b5a3657003840b0dc4fcee15c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575960528012254"},"htmlText":"Masive","listText":"Masive","text":"Masive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195090559,"author":{"id":"3554213821224025","authorId":"3554213821224025","authorIdStr":"3554213821224025","name":"WMIING","avatar":"https://static.tigerbbs.com/39217f40d9dc4a9a15fac00f34f63d83","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554213821224025"},"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://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4320235,"gmtCreate":1620950237193,"gmtModify":1635495846246,"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"},{"id":4320289,"gmtCreate":1620950400478,"gmtModify":1635495842102,"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"}],"langContent":"EN"},{"id":198892894,"gmtCreate":1620949849118,"gmtModify":1634195097281,"author":{"id":"3574639507377836","authorId":"3574639507377836","authorIdStr":"3574639507377836","name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574639507377836"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195098937,"author":{"id":"3576895774513119","authorId":"3576895774513119","authorIdStr":"3576895774513119","name":"Ongcj","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576895774513119"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195105694,"author":{"id":"3581671754017347","authorId":"3581671754017347","authorIdStr":"3581671754017347","name":"thjiuan","avatar":"https://static.tigerbbs.com/50383f0751a2cfb1711a9bfaa07f954f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581671754017347"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4320021,"gmtCreate":1620949543118,"gmtModify":1635495863296,"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"},{"id":4320096,"gmtCreate":1620949750721,"gmtModify":1635495857024,"authorId":3576895774513119,"author":{"id":3576895774513119,"authorId":3576895774513119,"name":"Ongcj","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198806465,"type":1,"supId":0,"prevId":0,"content":"Pls comment","text":"Pls comment","html":"Pls comment"}],"langContent":"EN"},{"id":198809119,"gmtCreate":1620949317431,"gmtModify":1634195109494,"author":{"id":"3571108991612603","authorId":"3571108991612603","authorIdStr":"3571108991612603","name":"IchiGo","avatar":"https://static.tigerbbs.com/c7799d84b640de8d882c175fa85737b5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571108991612603"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4320017,"gmtCreate":1620949539801,"gmtModify":1635495863621,"authorId":3577229760496516,"author":{"id":3577229760496516,"authorId":3577229760496516,"name":"木吉蒂","avatar":"https://static.tigerbbs.com/89290f2c42589f1e42296c61dde71238","vip":1,"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>"},{"id":4320045,"gmtCreate":1620949585834,"gmtModify":1635495861245,"authorId":3575147848250182,"author":{"id":3575147848250182,"authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198809119,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"},{"id":4320099,"gmtCreate":1620949757012,"gmtModify":1635495856697,"authorId":3576895774513119,"author":{"id":3576895774513119,"authorId":3576895774513119,"name":"Ongcj","avatar":"https://static.tigerbbs.com/a4eece6de8f766cfa9770954976d8ae8","vip":1,"crmLevel":7,"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":1635495856480,"authorId":3579764463709225,"author":{"id":3579764463709225,"authorId":3579764463709225,"name":"AhKeong","avatar":"https://static.tigerbbs.com/f27be5afef046299d1fb9e6aa1d2ce9d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"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":1635495843635,"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’"}],"langContent":"EN"},{"id":198172323,"gmtCreate":1620949126962,"gmtModify":1634195113826,"author":{"id":"3556618016506146","authorId":"3556618016506146","authorIdStr":"3556618016506146","name":"SK888","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3556618016506146"},"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://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4319897,"gmtCreate":1620949191347,"gmtModify":1635495874340,"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"},{"id":4320046,"gmtCreate":1620949594598,"gmtModify":1635495861136,"authorId":3575147848250182,"author":{"id":3575147848250182,"authorId":3575147848250182,"name":"boonhong21","avatar":"https://static.tigerbbs.com/4576487764c99ea59dfd1cfcdf89da5b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198172323,"type":1,"supId":0,"prevId":0,"content":"Need reply","text":"Need reply","html":"Need reply"}],"langContent":"EN"},{"id":198147589,"gmtCreate":1620948918041,"gmtModify":1634195120322,"author":{"id":"3576365817943823","authorId":"3576365817943823","authorIdStr":"3576365817943823","name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576365817943823"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4319848,"gmtCreate":1620949029598,"gmtModify":1635495878781,"authorId":3576365817943823,"author":{"id":3576365817943823,"authorId":3576365817943823,"name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"currentWearingBadge":{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.33%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198147589,"type":1,"supId":0,"prevId":0,"content":"[贱笑]","text":"[贱笑]","html":"[贱笑]"},{"id":4320188,"gmtCreate":1620950090227,"gmtModify":1635495850272,"authorId":3576884869412058,"author":{"id":3576884869412058,"authorId":3576884869412058,"name":"向上学习","avatar":"https://static.tigerbbs.com/a70af8809a95756364cc82fcfde2f404","vip":1,"currentWearingBadge":{"badgeId":"35ec162348d5460f88c959321e554969-3","templateUuid":"35ec162348d5460f88c959321e554969","name":"传说交易员","description":"证券或期货账户累计交易次数达到300次","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":"2021.12.28","exceedPercentage":"93.81%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"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":4325247,"gmtCreate":1620980852512,"gmtModify":1635495419648,"authorId":3576365817943823,"author":{"id":3576365817943823,"authorId":3576365817943823,"name":"EstherPang","avatar":"https://static.tigerbbs.com/8990239e19377757a2b24cf2333a310d","vip":1,"currentWearingBadge":{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.33%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198147589,"type":1,"supId":4320188,"prevId":0,"content":"[龇牙]","text":"[龇牙]","html":"[龇牙]"}],"langContent":"EN"},{"id":198144707,"gmtCreate":1620948889209,"gmtModify":1634195120982,"author":{"id":"3581998173257990","authorId":"3581998173257990","authorIdStr":"3581998173257990","name":"kyawkh","avatar":"https://static.tigerbbs.com/b6819d2405688957eac033bb43e588a5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581998173257990"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195124834,"author":{"id":"3583096540214259","authorId":"3583096540214259","authorIdStr":"3583096540214259","name":"ACECHUA","avatar":"https://static.tigerbbs.com/3d6bf1e1542321e4f354a78287c1e560","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3583096540214259"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1635495882172,"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":1635495881303,"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":1634195125173,"author":{"id":"3581623655917850","authorId":"3581623655917850","authorIdStr":"3581623655917850","name":"steven_tohhl","avatar":"https://static.tigerbbs.com/d8aa0a1a1a330f5dba66a57003463e6c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581623655917850"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4319809,"gmtCreate":1620948882948,"gmtModify":1635495881955,"authorId":3563504647645776,"author":{"id":3563504647645776,"authorId":3563504647645776,"name":"Sandy92","avatar":"https://static.tigerbbs.com/9f86355f6dbed4dfca34d989df1a36e1","vip":1,"crmLevel":8,"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"},{"id":4319822,"gmtCreate":1620948913360,"gmtModify":1635495880975,"authorId":3561239881014940,"author":{"id":3561239881014940,"authorId":3561239881014940,"name":"SUPERCHARGER","avatar":"https://static.tigerbbs.com/1d8977ccd4cef3718d77de1198ec99b1","vip":1,"crmLevel":7,"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"}],"langContent":"EN"},{"id":198140827,"gmtCreate":1620948583569,"gmtModify":1634195127620,"author":{"id":"3573553710836358","authorId":"3573553710836358","authorIdStr":"3573553710836358","name":"Joanne93","avatar":"https://static.tigerbbs.com/9c967d9964ec9b441fa6dd9a144f939e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573553710836358"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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 $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4319736,"gmtCreate":1620948614196,"gmtModify":1635495888594,"authorId":3563067678826056,"author":{"id":3563067678826056,"authorId":3563067678826056,"name":"Donovon","avatar":"https://static.tigerbbs.com/0c49b742fc2acedd0736cd6626a70aee","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198140827,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4319752,"gmtCreate":1620948669297,"gmtModify":1635495887075,"authorId":3581504637056720,"author":{"id":3581504637056720,"authorId":3581504637056720,"name":"png","avatar":"https://static.tigerbbs.com/44e954d581f3ae4d62de4c43d6dd1974","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198140827,"type":1,"supId":4319736,"prevId":0,"content":"Don't spend money how to make money","text":"Don't spend money how to make money","html":"Don't spend money how to make money"}],"langContent":"EN"},{"id":198157683,"gmtCreate":1620948543742,"gmtModify":1634195128342,"author":{"id":"3574980150965538","authorId":"3574980150965538","authorIdStr":"3574980150965538","name":"真的钻石手","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3574980150965538"},"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1634195133662,"author":{"id":"3581556523917541","authorId":"3581556523917541","authorIdStr":"3581556523917541","name":"crtyn","avatar":"https://static.tigerbbs.com/62554f7ddf70dc78b9e6f2cc7c56c702","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581556523917541"},"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://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1635495893155,"authorId":3573634322541563,"author":{"id":3573634322541563,"authorId":3573634322541563,"name":"Zfron","avatar":"https://static.tigerbbs.com/70ecdc2067440ea2fe4b2c600ae46f73","vip":1,"crmLevel":3,"crmLevelSwitch":0,"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":1635495874122,"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":1634195133782,"author":{"id":"3582026261569572","authorId":"3582026261569572","authorIdStr":"3582026261569572","name":"NicNg","avatar":"https://static.tigerbbs.com/71eb77fb27db665fb403edf640e59617","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582026261569572"},"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://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":4319693,"gmtCreate":1620948441128,"gmtModify":1635495892830,"authorId":3573634322541563,"author":{"id":3573634322541563,"authorId":3573634322541563,"name":"Zfron","avatar":"https://static.tigerbbs.com/70ecdc2067440ea2fe4b2c600ae46f73","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":198151306,"type":1,"supId":0,"prevId":0,"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"},{"id":4319915,"gmtCreate":1620949245162,"gmtModify":1635495872948,"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":1635495869704,"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":4329739,"gmtCreate":1621020860720,"gmtModify":1635495098106,"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!"}],"langContent":"EN"},{"id":198127571,"gmtCreate":1620948135693,"gmtModify":1634195136836,"author":{"id":"3552850525395609","authorId":"3552850525395609","authorIdStr":"3552850525395609","name":"moliya","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3552850525395609"},"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://laohu8.com/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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1635495891746,"authorId":3576629019645766,"author":{"id":3576629019645766,"authorId":3576629019645766,"name":"Potato3","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":1634195137074,"author":{"id":"3561674412609852","authorId":"3561674412609852","authorIdStr":"3561674412609852","name":"HengKuan","avatar":"https://static.tigerbbs.com/62bcac9aecdc128035098328c87aa231","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3561674412609852"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/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; 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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"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":1635495545741,"authorId":3581608528633395,"author":{"id":3581608528633395,"authorId":3581608528633395,"name":"林癸源","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"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":97,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}