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LimZhiHao
LimZhiHao
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2021-07-18
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非常抱歉,此主贴已删除
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LimZhiHao
LimZhiHao
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2021-07-14
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Consumer Price Inflation: Facts vs. Fiction
Consumer prices (CPI) increased at an annualized rate of 7.3% during the first six months of 2021, w
Consumer Price Inflation: Facts vs. Fiction
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LimZhiHao
LimZhiHao
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2021-07-14
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Democrats Strike Deal On $3.5 Trillion "Human Infrastructure" Package
Months after the Biden Administration and its Congressional alliesleaked the first details of Presid
Democrats Strike Deal On $3.5 Trillion "Human Infrastructure" Package
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LimZhiHao
LimZhiHao
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2021-07-14
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Democrats Strike Deal On $3.5 Trillion "Human Infrastructure" Package
Months after the Biden Administration and its Congressional alliesleaked the first details of Presid
Democrats Strike Deal On $3.5 Trillion "Human Infrastructure" Package
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Both represent the most significant gains in several decades. As important as the rise in consumer prices is for the general public and policymakers, there still is a lot of misinformation and false statements about the current inflation cycle. Below are some of the misstatements and false impressions.</p>\n<p><b>CPI inflation of 2021 is not as high as that of the 1970s---False.</b>It's not possible to compare inflation across several decades because of significant changes in measurement. The CPI of the 1970s included house price inflation, and the current measure does not.</p>\n<p>Here's a simple illustration of how significant including and not including house price inflation can be. In 1979, CPI rose 11.3%, and that included a 14% increase in the price of existing homes. In the past twelve months, CPI has increased 5.4%, and the 23% increase in existing home prices is not part of that. Government statisticians have created an arbitrary owner rent index (up 2.3% in the past year) to replace house prices.</p>\n<p><img src=\"https://static.tigerbbs.com/b76bd1d683d08e17201c0b78a1cba720\" tg-width=\"727\" tg-height=\"417\"></p>\n<p>Owner housing accounts for nearly one-fourth of the CPI index, so one can guestimate how much current inflation would be if the same measurement practices were still in place. My guess is it would be double-digits.</p>\n<p><b>Inflation in one market can be inferred by inflation in another market---False.</b>Accurate price measurement can only occur if there is a direct sampling of a consumer item or market or a record of actual transactions. The current estimate of owners' rent comes from the tenant market. The tenant market and the owners' market are fundamentally different in character, location, and, most importantly, vacancy rates. As is the case nowadays, homeowners would base their rent estimates on the shrinking availability of homes on the market and housing inflation in a red-hot market. The current measurement approach creates a considerable error in the reported inflation statistics by relying on the tenant market for price inflation for owners.</p>\n<p><b>Long-lived items are not part of the CPI---False</b>. One of the arguments for not including house prices in the CPI is it a long-lived asset that consumers consume over a series of years. If CPI were only to have perishable items or used in a short time, then it would include food and energy and a few other products and services. But the CPI already includes items that consumers consume over long periods.</p>\n<p>For example, used cars and trucks are in the CPI, and their life span can run more than a decade. That's not as long as housing, but it still is significant. Used cars and trucks prices have a weight of 3% in the CPI, and house prices have a zero weight. Does that make any sense?</p>\n<p>The inflation cycle of 2021 is unlike anything experienced in decades. It is fast and broad, and one of the most surprising features is that owners' housing costs are running less than half as fast as the core. Owners' rent index will accelerate in the coming months as market rents continue to increase.</p>\n<p>In my view, policymakers are continuing to promote a public perception of inflation that is false.</p>","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>Consumer Price Inflation: Facts vs. Fiction</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\">\nConsumer Price Inflation: Facts vs. Fiction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 11:19 GMT+8 <a href=https://www.zerohedge.com/markets/consumer-price-inflation-facts-vs-fiction><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumer prices (CPI) increased at an annualized rate of 7.3% during the first six months of 2021, while core consumer prices rose 6.2%. Both represent the most significant gains in several decades. ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/consumer-price-inflation-facts-vs-fiction\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/consumer-price-inflation-facts-vs-fiction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141016201","content_text":"Consumer prices (CPI) increased at an annualized rate of 7.3% during the first six months of 2021, while core consumer prices rose 6.2%. Both represent the most significant gains in several decades. As important as the rise in consumer prices is for the general public and policymakers, there still is a lot of misinformation and false statements about the current inflation cycle. Below are some of the misstatements and false impressions.\nCPI inflation of 2021 is not as high as that of the 1970s---False.It's not possible to compare inflation across several decades because of significant changes in measurement. The CPI of the 1970s included house price inflation, and the current measure does not.\nHere's a simple illustration of how significant including and not including house price inflation can be. In 1979, CPI rose 11.3%, and that included a 14% increase in the price of existing homes. In the past twelve months, CPI has increased 5.4%, and the 23% increase in existing home prices is not part of that. Government statisticians have created an arbitrary owner rent index (up 2.3% in the past year) to replace house prices.\n\nOwner housing accounts for nearly one-fourth of the CPI index, so one can guestimate how much current inflation would be if the same measurement practices were still in place. My guess is it would be double-digits.\nInflation in one market can be inferred by inflation in another market---False.Accurate price measurement can only occur if there is a direct sampling of a consumer item or market or a record of actual transactions. The current estimate of owners' rent comes from the tenant market. The tenant market and the owners' market are fundamentally different in character, location, and, most importantly, vacancy rates. As is the case nowadays, homeowners would base their rent estimates on the shrinking availability of homes on the market and housing inflation in a red-hot market. The current measurement approach creates a considerable error in the reported inflation statistics by relying on the tenant market for price inflation for owners.\nLong-lived items are not part of the CPI---False. One of the arguments for not including house prices in the CPI is it a long-lived asset that consumers consume over a series of years. If CPI were only to have perishable items or used in a short time, then it would include food and energy and a few other products and services. But the CPI already includes items that consumers consume over long periods.\nFor example, used cars and trucks are in the CPI, and their life span can run more than a decade. That's not as long as housing, but it still is significant. Used cars and trucks prices have a weight of 3% in the CPI, and house prices have a zero weight. Does that make any sense?\nThe inflation cycle of 2021 is unlike anything experienced in decades. It is fast and broad, and one of the most surprising features is that owners' housing costs are running less than half as fast as the core. Owners' rent index will accelerate in the coming months as market rents continue to increase.\nIn my view, policymakers are continuing to promote a public perception of inflation that is false.","news_type":1},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145401178,"gmtCreate":1626234125294,"gmtModify":1633928758497,"author":{"id":"4089336447545430","authorId":"4089336447545430","name":"LimZhiHao","avatar":"https://static.tigerbbs.com/d3d51af908e2c45d717f209b100bedb4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089336447545430","idStr":"4089336447545430"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145401178","repostId":"1153057412","repostType":4,"repost":{"id":"1153057412","kind":"news","pubTimestamp":1626232523,"share":"https://www.laohu8.com/m/news/1153057412?lang=&edition=full","pubTime":"2021-07-14 11:15","market":"us","language":"en","title":"Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package","url":"https://stock-news.laohu8.com/highlight/detail?id=1153057412","media":"zerohedge","summary":"Months after the Biden Administration and its Congressional alliesleaked the first details of Presid","content":"<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.</p>\n<p>In a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.</p>\n<blockquote>\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n</blockquote>\n<p>The deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.</p>\n<blockquote>\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n</blockquote>\n<p>The package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.</p>\n<p>Democrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.</p>\n<blockquote>\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n</blockquote>\n<p>Previously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.</p>\n<p>To be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.</p>\n<p>Senate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.</p>","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>Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package</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\">\nDemocrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 11:15 GMT+8 <a href=https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' ...</p>\n\n<a href=\"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153057412","content_text":"Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.\nIn a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.\n\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n\nThe deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.\n\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n\nThe package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.\nDemocrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.\n\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n\nPreviously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.\nTo be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.\nSenate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.","news_type":1},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145403560,"gmtCreate":1626234102150,"gmtModify":1633928759083,"author":{"id":"4089336447545430","authorId":"4089336447545430","name":"LimZhiHao","avatar":"https://static.tigerbbs.com/d3d51af908e2c45d717f209b100bedb4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4089336447545430","idStr":"4089336447545430"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145403560","repostId":"1153057412","repostType":4,"repost":{"id":"1153057412","kind":"news","pubTimestamp":1626232523,"share":"https://www.laohu8.com/m/news/1153057412?lang=&edition=full","pubTime":"2021-07-14 11:15","market":"us","language":"en","title":"Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package","url":"https://stock-news.laohu8.com/highlight/detail?id=1153057412","media":"zerohedge","summary":"Months after the Biden Administration and its Congressional alliesleaked the first details of Presid","content":"<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.</p>\n<p>In a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.</p>\n<blockquote>\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n</blockquote>\n<p>The deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.</p>\n<blockquote>\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n</blockquote>\n<p>The package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.</p>\n<p>Democrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.</p>\n<blockquote>\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n</blockquote>\n<p>Previously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.</p>\n<p>To be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.</p>\n<p>Senate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.</p>","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>Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDemocrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 11:15 GMT+8 <a href=https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' ...</p>\n\n<a href=\"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153057412","content_text":"Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.\nIn a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.\n\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n\nThe deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.\n\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n\nThe package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children) and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.\nDemocrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.\n\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n\nPreviously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.\nTo be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.\nSenate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}