Skip to content
Market Spectator

Market Spectator

Primary Menu
  • Business
  • Domestic
  • Economy
  • Politics
  • Top News
  • Newsletters
Live
  • Home
  • 2024
  • January
  • 25
  • In Wisconsin, Biden talks $5 billion bridge, highway spending
  • Top News

In Wisconsin, Biden talks $5 billion bridge, highway spending

Market Spectator January 25, 2024
U.S. President Biden attends United Auto Workers legislative conference in

U.S. President Biden attends United Auto Workers legislative conference in Washington

By Jeff Mason and Trevor Hunnicutt

SUPERIOR, Wisconsin (Reuters) -U.S. President Joe Biden is pushing $5 billion into transportation projects around the country during a visit Thursday to Wisconsin, hoping his cheery economic pitch takes root in a high-value state in the 2024 election.

The visit highlights a $1 billion investment to replace the Blatnik Bridge in Superior, which connects Wisconsin and Minnesota and is vital to the region’s its small business owners, the White House said.

“Economic growth is stronger than we had in the Trump administration,” Biden said, adding that the economy has defied the expectations of both forecasters and his likely Republican opponent Donald Trump, who he said wanted the economy to tank.

Biden has struggled to shake voters’ concerns about elevated consumer prices, and polls show him lagging likely Republican challenger Donald Trump in the Nov. 5 presidential election.

Democrats hope stronger-than-expected economic growth and improving consumer sentiment, coupled with trips to battleground states to highlight investment, will shift U.S. voters.

U.S. consumer sentiment hit the highest level in 2-1/2 years in January amid growing optimism over the outlook for inflation and household incomes, and suggesting Americans were finally warming up to the economy’s resilience.

The U.S. economy has shrugged off dire recession predictions and grew at a faster-than-expected 3.3% annualized rate in the fourth quarter, new data showed on Thursday.

Biden’s campaign regards Wisconsin as one of the most important of seven states they’ve identified determining the 2024 election.

The campaign hired Garren Randolph, a longtime strategist in the state, as a campaign manager there last month. It has named five new senior aides since then, as it switches into general-election mode against Trump.

In Wisconsin, Biden is meeting with a local small business owner whose operation will benefit from rebuilding the deteriorating bridge, which was due to close by 2030, the White House said.

The $5 billion investment will support 37 projects overall, including the Interstate 5 bridge over the Columbia River between Vancouver, Washington, and Portland, Oregon; the I-376 corridor of Pittsburgh; the Cross Bronx Expressway in New York City; and part of a highway through the Gila River Indian Community in Arizona, the White House said.

The signature infrastructure law is part of Biden’s “investing in America” agenda that the White House credits with a surge in clean-energy and manufacturing jobs.

(Additional reporting by Doina Chiacu; Editing by Chizu Nomiyama, Heather Timmons and Jonathan Oatis)

tagreuters.com2024binary_LYNXMPEK0O0K7-VIEWIMAGE

Continue Reading

Previous: Japanese business leaders return to China seeking to boost cooperation
Next: Ferrari negotiated with Italy terms of enhanced voting rights scheme, sources say

Related Stories

2024-11-26T190310Z_1_LYNXNPEKAP0TV_RTROPTP_4_USA-TRUMP-NORTHKOREA
  • Top News

Exclusive-Trump team weighs direct talks with North Korea’s Kim in new diplomatic push, sources say

Market Spectator November 26, 2024
2024-11-18T220658Z_1_LYNXMPEKAH0T9_RTROPTP_4_UKRAINE-CRISIS-ATTACK-KYIV-1
  • Top News

Ukraine, marking 1,000 days of Russian invasion, eyes end to war next year

Market Spectator November 18, 2024
  • Top News

Biden sees opportunity to potentially end Israel-Iran fighting ‘for a while’

Market Spectator October 18, 2024

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Categories

  • Business
  • Domestic
  • Economy
  • Politics
  • Top News
  • Uncategorized

Recent Posts

  • European drinks group skid after US surgeon general calls for cancer warnings
  • AI a productivity boost to banks but making money from it is a challenge
  • Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending
  • Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
  • Stunning rally in Big Tech drives Nasdaq to 20,000

You may have missed

2025-01-03T141432Z_1_LYNXMPEL020G8_RTROPTP_4_PERNOD-RICARD-INDIA-RAJASTHAN
  • Business

European drinks group skid after US surgeon general calls for cancer warnings

Market Spectator January 3, 2025
2024-12-11T214504Z_1_LYNXMPEKBA10D_RTROPTP_4_REUTERS-NEXT-GOLDMAN-SACHS-CEO
  • Business

AI a productivity boost to banks but making money from it is a challenge

Market Spectator December 11, 2024
2024-12-11T212535Z_1_LYNXMPEKBA102_RTROPTP_4_ADOBE-RESULTS
  • Business

Adobe forecasts fiscal 2025 revenue below estimates on slower subscription spending

Market Spectator December 11, 2024
2024-12-11T213952Z_1_LYNXMPEKBA109_RTROPTP_4_TECH-ANTIRUST-MICROSOFT
  • Business

Microsoft expects $800 million impairment charge in Q2 2025 over General Motors’ Cruise exit

Market Spectator December 11, 2024
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Market Spectator | marketspectator.com