ºÚÁϳԹÏÍø

Three top Senate Democrats released a proposal to overhaul the U.S. international tax system that could shape the outcome of the global tax revamp that the White House is pursuing to fund infrastructure spending.

Transportation Secretary Pete Buttigieg will have to navigate the fraught politics of a bitterly divided Washington as he is tasked with selling the Biden administration’s infrastructure and climate plan. He may have found a way by just riding a bike, which has gained fans from even skeptics in Congress.

WASHINGTON — Republicans in Congress are betting that it’s more advantageous to oppose President Joe Biden’s rebuild America agenda than to lend support for the $2.25 trillion undertaking for roads, bridges and other infrastructure investments.

What President Joe Biden touted as a historic U.S. federal investment program that will position the country to win the global innovation race still leaves it well behind China’s continuing, giant infrastructure upgrading campaign.

Electric vehicle stocks, which were hit hard this year as investors shifted out of growth industries, are getting a boost as President Joe Biden mounts a major push to accelerate the adoption of battery-powered cars, and Chinese peers report strong March sales.

President Joe Biden said he had directed five of his Cabinet members, including Transportation Secretary Pete Buttigieg and Energy Secretary Jennifer Granholm, to help advance his plan to spend $2.25 trillion on infrastructure and other priorities.

The U.S. auto industry sees President Joe Biden’s infrastructure package as accelerating a global shift toward electric vehicles, thanks to the $174 billion proposed for charging stations, planned consumer rebates for American-made EVs and a pledge to electrify the government’s fleet.

President Joe Biden announced a $2.25 trillion climate change-centric infrastructure plan meant to repair the country’s roads and bridges, and guarantee nationwide access to broadband internet and safe drinking water.

The board of the Georgia Ports Authority voted March 29 to spend $205 million to expand the Savannah facility, adding to $100 million authorized several months ago.

President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said.