President Joe Biden has rolled out the first part of his sweeping $2 trillion infrastructure and jobs plan that would be spent out over an eight-year period.
Speaking at Carpenters Pittsburgh Training Center in Pittsburgh, Biden said he plans to raise the fund to implement the proposal by increasing corporate tax rate to 28 percent and eliminating tax breaks for fossil fuels.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.