The U.S. Senate passed the Infrastructure Investment and Jobs Act on a broad bipartisan vote, seen as a political victory for President Joe Biden's Build Back Better Agenda.The Infrastructure Bill, that could provide the nation's biggest investment in decades in roads, bridges, airports and waterways, was passed on Tuesday by a 69-30 vote, winning the support of 19 Republican Senators.The bill wil...
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.