Jarrett Renshaw
Jarrett Renshaw
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Biden raising minimum wage for federal contractors to $15/hr

Biden raising minimum wage for federal contractors to $15/hr

U.S. Capitol maintenance staff disinfect surfaces before the House Energy and Commerce Committee hearing on coronavirus in Washington, DC, U.S. June 23, 2020. Sarah Silbiger/Pool via REUTERSRegister now for FREE unlimited access to Reuters.comWASHINGTON, April 27 (Reuters) - President Joe Biden will press his case for a national $15 minimum wage with an executive order on Tuesday raising pay to at least that level for hundreds of thousands of federal contract workers, senior White House officials said.This would increase their existing minimum wage of $10.95 by nearly 37% by March 2022 with...

April 27, 2021
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Biden plans 'real money' for jobs training, unions, economic adviser says

Biden plans 'real money' for jobs training, unions, economic adviser says

U.S. President Joe Biden arrives to speak about the status of coronavirus disease (COVID-19) vaccinations and his administration's ongoing COVID-19 pandemic response?in the Eisenhower Executive Office Building at the White House in Washington, U.S., April 21, 2021. REUTERS/Tom BrennerRegister now for FREE unlimited access to Reuters.comApril 23 (Reuters) - President Joe Biden wants to put "real money" toward helping laid-off workers get new jobs in growth industries like green energy and healthcare as part of his $2.3 trillion jobs and infrastructure package, a top economic adviser...

April 23, 2021
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Biden to float historic tax increase on investment gains for the rich

Biden to float historic tax increase on investment gains for the rich

Register now for FREE unlimited access to Reuters.comWASHINGTON, April 22 (Reuters) - President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.The plan is part of the White House's push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden's ambitious economic agenda. The proposal...

April 22, 2021
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Biden 'prepared to compromise' on infrastructure, wants Republican proposal by May

Biden 'prepared to compromise' on infrastructure, wants Republican proposal by May

Register now for FREE unlimited access to Reuters.comWASHINGTON, April 19 (Reuters) - U.S. President Joe Biden met on Monday with a bipartisan group of lawmakers who have all served as governors or mayors, as the White House seeks a deal on his more than $2 trillion jobs and infrastructure proposal.Biden said he handpicked the group of former state and local leaders with experience as compromise seekers, hopinghe can get Democrats and Republicans to agree on an ambitious jobs and infrastructure package. The group included one Republican lawmaker who tried to block Biden's presidential...

April 19, 2021
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After criticism, Biden says he will raise U.S. cap on refugee admissions

After criticism, Biden says he will raise U.S. cap on refugee admissions

Register now for FREE unlimited access to Reuters.comWILMINGTON, Delaware, April 17 (Reuters) - President Joe Biden said on Saturday he will raise the cap on the number of refugees admitted this year to the United States, a day after he drew criticism from Democratic lawmakers for agreeing to keep the historically low figure in place.Biden signed an order on Friday extending a 15,000 refugee admissions cap issued by his predecessor Donald Trump through the end of September. In signing the order, Biden shelved a plan announced in February to increase the cap to 62,500.Biden told reporters in...

April 17, 2021
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After criticism, Biden says he will raise U.S. cap on refugee admissions

After criticism, Biden says he will raise U.S. cap on refugee admissions

Register now for FREE unlimited access to Reuters.comWILMINGTON, Delaware, April 17 (Reuters) - President Joe Biden said on Saturday he will raise the cap on the number of refugees admitted this year to the United States, a day after he drew criticism from Democratic lawmakers for agreeing to keep the historically low figure in place.Biden signed an order on Friday extending a 15,000 refugee admissions cap issued by his predecessor Donald Trump through the end of September. In signing the order, Biden shelved a plan announced in February to increase the cap to 62,500.Biden told reporters in...

April 17, 2021
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Analysis: White House, U.S. companies could agree on 25% tax rate, officials, business groups say

Analysis: White House, U.S. companies could agree on 25% tax rate, officials, business groups say

By (Reuters) - President Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to fund his $2 trillion infrastructure plan, but few people in Washington, including inside the White House, really think the rate will land there.Biden made it clear on Wednesday that he is open to compromise, after a reporter asked if he would be willing to agree on a tax rate below 28%.“I’m willing to listen to that, I’m wide open to it,” Biden said.Reuters interviewed more than a dozen corporate and White House officials engaged in the infrastructure push. Most expect...

April 7, 2021
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Biden says $2 trillion jobs plan rivals the space race in its ambition

Biden says $2 trillion jobs plan rivals the space race in its ambition

By , PITTSBURGH (Reuters) -President Joe Biden on Wednesday called for a sweeping use of government power to reshape the world’s largest economy and counter China’s rise in a $2 trillion-plus proposal that was met with swift Republican resistance.The president’s “American Jobs Plan” would put corporate America on the hook for the tab as the government creates millions of jobs building infrastructure, such as roads, tackles climate change and boosts human services like care for the elderly.“It’s a once-in-a-generation investment in America, unlike anything we’ve seen or done since we built...

March 31, 2021
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Analysis: Corporations, wealthy pay in Biden infrastructure plan, not drivers and riders

Analysis: Corporations, wealthy pay in Biden infrastructure plan, not drivers and riders

By WASHINGTON (Reuters) - President Joe Biden’s plans to spend billions of dollars on the United States’ crumbling roads and mass transit include a novel twist - making companies and wealthy households, rather than drivers and riders, pay the cost.Biden will unveil more details about the first stage of his infrastructure plan, which could be worth as much as $4 trillion, in Pittsburgh on Wednesday.Business groups and lawmakers on both sides of the aisle have been pushing Biden to raise U.S. fuel taxes, some of the lowest in the world, for the first time since 1993. They also want a new...

March 30, 2021
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Georgia affirms Biden's victory as Trump attempts to undermine election

Georgia affirms Biden's victory as Trump attempts to undermine election

By , DETROIT/WILMINGTON, Del. (Reuters) - After a painstaking recount, Georgia officials confirmed on Thursday that President-elect Joe Biden defeated President Donald Trump in the battleground state on Nov. 3, further narrowing the president’s dubious effort to overturn the election results.The result of the six-day hand recount of the state’s 5 million ballots had been widely expected, despite baseless allegations from Trump and his allies that Georgia’s vote tallies were suspect because of widespread fraud.Amid a series of losses in court, Trump’s re-election campaign has shifted to a...

November 18, 2020
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