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S2 Episode 1: What infrastructure spending means for you

Listen: There's a desperate need in the US to improve our infrastructure, much of which was built when the population was half the size it is today. After decades of neglect, President Biden's infrastructure plan is poised to pump a trillion dollars into the economy to not just modernize bridges and roads, but also boost manufacturing, R&D, clean energy, climate resilience and more. What could this investment mean for the economy, politics, and your bottom line as an investor?

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Biden infrastructure plan would boost jobs; Georgia voter law tensions

Jon Lieber, Managing Director of the United States for the Eurasia Group, shares his insights on US politics:

What specifics do you expect to be in Biden's "build back better" infrastructure plan?

Well, this is really a two-part plan. The first part Biden's rolling out this week, and it's focused mainly on infrastructure. Bridges, roads, tunnels, transit, the whole infrastructure smorgasbord, including on broadband deployment, as well as investing in things like rural hospitals, schools and upgrading buildings to be more energy efficient. Biden's proposed between $2 and $2.5 trillion depending on how you do the math, paid for by tax increases primarily falling on the corporate sector that actually spread out over 15 years, as opposed to the bill's spending, which spreads out over 10. That means the bill will be mildly stimulative to the economy on top of creating potentially new jobs through the direct spending that's going to happen.

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