President Announces $200 Billion Partnership for Global Infrastructure and Investment
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NBC: President Joe Biden outlined plans Sunday for a range of global infrastructure projects the U.S. aims to help finance with $200 billion in government and private sector funding as it looks to counter similar efforts by China. Biden announced the efforts at the G7 summit in Germany, where he has been meeting with world leaders. The funding will be spread out over five years and come from a mix of existing federal funds, other G7 and European Union countries, and private companies and investment funds, said a senior administration official(NBC). President Biden: Tune in as I deliver remarks with other G7 Leaders to formally launch our Partnership for Global Infrastructure and Investment – an effort that is critical to our economic and national security (Twitter). Wall Street Journal: The announcement came on the first day of the G-7 summit, where the agenda was dominated by Russia’s war against Ukraine and the economic fallout from it for Western countries that have imposed a barrage of sanctions against Moscow. The U.S. and its allies said Sunday they would ban Russian gold imports. The leaders aimed to display unity in their confrontation with Russia, but an accumulation of political and economic problems at home has tested the allies’ stamina to withstand rising food and energy prices. At the same time, the early focus on China, which is expected to carry through the G-7 gathering and the North Atlantic Treaty Organization summit in Spain on Tuesday, has threatened to expose older fault lines between Western allies (Wall Street Journal).

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  • A million for Hunter, another for Jill, let's not forget brother, and naturally 10% for Joe. What is 10% of 200 billion??????????

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