Ahead of signing the Infrastructure Investment and Jobs Act, President Joe Biden has named former Mayor of New Orleans Mitch Landrieu as senior advisor responsible for coordinating the implementation of the historic bipartisan infrastructure law.
The law envisages millions of good-paying, union jobs for working people, improvements in U.S. ports and transportation systems that strengthen supply chains, high-speed internet for every American, clean water for all children and families, the biggest investments in roads and bridges in generations, significant investment in mass transit, and unprecedented investments in clean energy infrastructure.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.