August 10, 2021 | ALB, AMSC, CAT, Daily JAM, DE, Mid Term, MLM, Morning Briefing, VMC |
The $1.2 trillion infrastructure bill that the Senate passed today–roughly half of that represents new spending–still faces a tough go in the House of Representatives where progressive Democrats have criticized the measure as light on dollars to fight global climate change. That spending has been pushed into a second infrastructure bill, which would also include money for expanding Medicare and improving access to childcare among other “social” infrastructure spending, which the Senate actually took up today. Most political pundits think that efforts to pass a “social” infrastructure bill using reconciliation will be enough to secure all the votes needed to pass the traditional infrastructure bill in the House. The bill passed today would include more than $110 billion to replace and repair roads, bridges and highways, and $66 billion to boost passenger and freight rail. The plan includes an additional $55 billion to address problems in the U.S. water supply such as continued use of lead pipes despite conclusive evidence that lead in water pipes leads to cognitive impairment in children. It allocates $65 billion to modernize the country’s power grid and $7.5 billion to build out a national network of electric-vehicle charging stations. The bill earmarks $47 billion to respond to wildfires, droughts, coastal erosion, heat waves and other climate crises.
July 28, 2021 | Daily JAM, Mid Term |
Senate Democrats and Republicans on Wednesday appeared to clinch a deal that would invest roughly $1 trillion into the nation’s infrastructure. The new agreement — announced separately by two of its lead negotiators, Senators Rob Portman (R-Ohio) and Kyrsten Sinema (D-Ariz.), ends the wrangling over the policy specifics in a bipartisan infrastructure deal outlined back in June. The agreement puts the Senate on track to hold a key procedural vote today, July 28, that would allow the chamber to actually begin debating the contents of the infrastructure measure
April 6, 2020 | Daily JAM, Stock Alerts, URI |
This sell follows the same logic as my immediately prior sell of Vulcan Materials. Last week House Speaker Nancy Pelosi threw in the towel on any near-term chance for a big infrastructure spending package. The horrific jobs numbers had convinced her, she said, that...
May 22, 2019 | Daily JAM, Morning Briefing, Short Term |
President Donald Trump stormed out of a meeting with Democratic House Speaker Nancy Pelosi and Democratic Senate Minority Leader Chuck Schumer saying that he would not work with them on an infrastructure package (or other bipartisan legislation including an effort to...
March 19, 2019 | Daily JAM, Mid Term |
It's an extraordinary report--even if it's not clear what the Trump administration intends to do with it or about it In a report released today, March 19, President Trump's Council of Economic Advisers said that the U.S. economy would be unlikely to reach the 3%...
January 28, 2018 | Daily JAM, Friday Trick or Trend |
Here we go again on infrastructure. The thinking when Donald Trump was sworn in as president just about a year ago was that a sweeping infrastructure package would be quickly introduced into Congress by the administration. Such a proposal was one of the few issues where the new president could possibly win Democratic support. Well, its a year later and no infrastructure bill has moved from the White House to Capital Hill–to the chagrin of investors who (and I was one of them) snapped up a stock or two or three in anticipation of hundreds of billions of dollars of investment in roads, airports, trains water systems, and the like. But now it looks like the President will really, truly, actually introduce an infrastructure spending proposal in Tuesday night’s State of the Union address.
February 27, 2017 | Daily JAM |
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February 25, 2017 | Short Term |
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February 2, 2017 | Daily JAM, SCHW |
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January 4, 2017 | Daily JAM, Morning Briefing, Short Term |
Minutes of the December 14 meeting of the Federal Reserve’s Open Market Committee released today January 4 show that the U.S. central bank would like to stick by its plan to raise interest rates only gradually in 2017, but the minutes also reveal bankers worried that higher government spending on infrastructure and deep tax cuts could overstimulate an economy already running near full employment.
December 21, 2016 | CHK, Daily JAM, IONS |
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December 16, 2016 | Uncategorized |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...