FT News Briefing Biden’s $2tn infrastructure plan, Deliveroo’s IPO flop, Black Americans in finance
Apr 1, 2021
President Biden's ambitious $2 trillion infrastructure plan is set to transform US transportation but faces legislative hurdles. Deliveroo's disastrous IPO marks a significant flop in London’s market, raising questions about tech stock viability. Meanwhile, a concerning decline in Black representation in finance signals deeper systemic issues, with stalled progress despite diversity initiatives. The podcast analyzes these critical trends and the stark contrast in experiences among various racial groups in the financial sector.
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Biden's Infrastructure Plan
- Biden's $2 trillion infrastructure plan includes roads, bridges, public transport, and electric vehicles.
- It aims to create jobs, improve US competitiveness, and is funded by increased corporate taxes.
Passing the Infrastructure Plan
- The White House aims to pass the infrastructure plan through negotiations with Republicans or through Democratic votes alone.
- They believe the plan's popularity will be key to its passage in Congress.
Economic Impact of Infrastructure Plan
- Biden's infrastructure plan is a long-term economic strategy focused on structural reforms and investment over eight years.
- It addresses chronic underinvestment in infrastructure, R&D, and climate change.