America’s Investment in Infrastructure Doesn’t Always Pay Off

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About two centuries ago, American local, state and federal governments poured millions of dollars into building canals to move the nation’s people and goods. By 1840, there were 3,000 miles of canals in the United States. But, within 20 years, the rise of the railroads would make canals practically obsolete. In the 1840s, several U.S. states ended up defaulting on the loans they took to build canals and railroads. The defaults are an example of what can happen when governments spend on infrastructure — because trying to guess the future can be like shooting at a moving target.  “You try tomore

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Democrats Delay Vote on Infrastructure Plan, Bowing to Progressives

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Democratic leaders of the U.S. House of Representatives delayed a planned vote on a $1 trillion bipartisan infrastructure bill that had been set for Thursday, bowing to party progressives who had demanded action on a larger social policy bill first. House Speaker Nancy Pelosi and President Joe Biden have been scrambling to patch up differences between progressive lawmakers, who want a $3.5 trillion social spending package to go along with the infrastructure plan, and moderates wanting a smaller bill. The move gave Biden and Democratic leaders more time to try to assemble the votes to gain support for a keymore

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Young Investors Eager to Learn Stock Market

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Investors younger than 34 surveyed by a financial services company said student debt, health care costs and financial jargon are barriers between them and investing. Of the 898 surveyed, 61% of the young investors said education costs, or paying down student loans, are the biggest barriers to retirement, tied with health care costs (61%), according to ETrade Financial Services, which conducted the poll. And financial jargon continued to confound, respondents said. Nearly three-quarters (74%) of the Gen Z and millennial investors note that financial jargon hinders their ability to invest on their own. That was an increase of 8% frommore

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Harvard Gets $45 Million for Asian American Studies Program

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Harvard University, often ranked first among the best colleges and universities in the United States, has received more than $45 million to expand its Asian American studies program. The donations come from 14 Asian American alumni leaders who graduated from the university between 1990 and 2003. The money will support new professorships, graduate fellowships and academic research in the Faculty of Arts and Sciences’ Asian American studies program. It will also attract respected scholars who will foment collaboration and innovation, according to FAS. The university reported that the initiative was cultivated by Claudine Gay, dean of the FAS, “to strengthenmore

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US Congress Approves Stopgap Funding to Keep Government Open

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The House and Senate voted Thursday afternoon in favor of stopgap legislation to keep the government funded until December 3, avoiding a midnight shutdown.  The Senate vote was 65-35, which was followed by a House vote of 254-175. The legislation headed to the White House for President Joe Biden’s signature.  The legislation maintains current funding levels across government agencies. It also includes $28.6 billion for states suffering from hurricane and wildfire damage, and $6.3 billion to help relocate Afghan refugees moving to the United States after Washington ended its two-decade war in Afghanistan last month.  Avoiding a shutdown was justmore

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US Student Loan Servicer Asks to Bow Out

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A second company that services student loan debt has asked the United States federal government to be relieved of its contracts. Navient, based in Wilmington, Delaware, announced Tuesday it had signed an agreement to transfer the loan servicing to Maximus. The deal is subject to the approval of the U.S. Department of Education’s office of Federal Student Aid. “Navient and Maximus are committed to working together and believe this plan gives the government a reliable approach to support borrower success and advance its vision for next-generation servicing,” stated Navient in a press release. The companies stated that they expected themore

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Democratic-Controlled Congress Poised to Approve Stopgap Funding to Keep US Government Open

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The Democratic-controlled U.S. Congress appeared set Wednesday to approve a stopgap funding measure to avert a partial national government shutdown at midnight Thursday.  Senate Majority Leader Chuck Schumer said the legislation would maintain current funding levels across government agencies through December 3. It would also include $6.3 billion to help relocate Afghan refugees moving to the U.S. after Washington ended its two-decade war in Afghanistan last month, and $28.6 billion to help eastern and southern states recover from devastating hurricanes and western states from raging wildfires.  “We can approve this measure quickly and send it to the House so itmore

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Uncertainty Grips Washington in Face of Another Possible Shutdown

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If Congress fails to act, the U.S. government’s authority to continue spending money will expire at midnight on Thursday, forcing more than 1 million federal workers and an untold number of contractors to stop working. Thousands more will be expected to continue working without clarity about precisely when they will be paid.  “The stakes are whether the United States government is able to answer the many challenges that we face as a country,” said Max Stier, president of the Partnership for Public Service, an advocacy group for improved federal government. And once the government shuts down, Stier said, restarting itmore

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Amid Democratic Infighting, Biden’s Domestic Agenda Hangs by a Thread

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The events of the next four days on Capitol Hill will go a long way toward determining the ultimate success or failure of President Joe Biden’s domestic agenda, as four different legislative initiatives converge in a burst of frenetic policymaking.  Congress must pass a budget resolution for the new fiscal year before Friday to avoid a partial shutdown of the federal government, and it must raise the limit on the Treasury Department’s authority to borrow money to avoid a catastrophic default on the country’s debts that could occur as soon as mid-October.  At the same time, the Democratic Party ismore

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US Senate Fails to Pass Government Funding, Debt Ceiling Measures

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The U.S. Senate failed Monday to pass measures to avert a partial government shutdown and prevent a federal default at the start of a crucial legislative week that is highlighting the challenges facing the sharply divided Congress. Republican lawmakers voted to oppose the bills Monday evening, forcing Democrats to look for other ways to keep the government open beyond Thursday and to raise the debt ceiling before the government is expected to default on its loans sometime in late October or early November. The near party-line vote failed 48-50. Democrats narrowly control both Houses of Congress, but under Senate rules,more

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US House to Debate $1 Trillion Infrastructure Bill 

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The U.S. House of Representatives is due to begin debate Monday on a $1 trillion infrastructure bill ahead of a planned vote Thursday on the measure that is a major part of President Joe Biden’s domestic agenda. House Speaker Nancy Pelosi announced the dates in a letter to Democratic lawmakers Sunday, and in television interviews she expressed confidence the bill will pass.  “Let me just say that we’re going to pass the bill this week,” Pelosi said on ABC News’ “This Week” show. She added that she would not bring a bill to the House floor for consideration unless itmore

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After Abductions, Nigerian Students Seek Overseas Education

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Emmanuel Benson was planning to get his diploma in horticulture and landscaping from Nigeria’s Federal College of Forestry Mechanization next year. Now, he’s not willing to risk the return to school, after he was kidnapped by bandits with dozens of others earlier this year.   “Our lives are at risk — Nigerian students, especially in Kaduna state where we are,” the 24-year-old said. As much as he wanted to complete his studies “the kidnapping and everything that is going on haven’t stopped yet … staying here anymore doesn’t benefit anybody.” Benson is among a growing group of Nigerian students seekingmore

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House Panel OKs Democrats’ $3.5T Budget Bill 

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Democrats pushed a $3.5 trillion, 10-year bill strengthening social safety net and climate programs through the House Budget Committee on Saturday, but one Democrat opposed the measure in an illustration of the challenges party leaders face in winning the near unanimity they’ll need to carry the sprawling package through Congress.  The Democratic-dominated panel, meeting virtually, approved the measure on a near party-line vote, 20-17. Passage marked a necessary but minor step for Democrats by edging the bill closer to debate by the full House. Under budget rules, the committee wasn’t allowed to significantly amend the 2,465-page measure, the product ofmore

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Republican Review Finds No Proof Arizona Election Stolen from Trump

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A Republican-backed review of the 2020 presidential election in Arizona’s largest county ended Friday without producing proof to support former President Donald Trump’s false claims of a stolen election. After six months of searching for evidence of fraud, the firm hired by Republican lawmakers issued a report that experts described as riddled with errors, bias and flawed methodology. Still, even that partisan review came up with a vote tally that would not have altered the outcome, finding that Biden won by 360 more votes than the official results certified last year. The finding was an embarrassing end to a widelymore

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Experts: Biden Foreign Policy Troubles Linked to Domestic Focus

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U.S. Secretary of State Antony Blinken is defending President Joe Biden’s foreign policy record as the administration faces pressure over its handling of Haitian migrants on the U.S. border, the U.S. withdrawal from Afghanistan and a nuclear submarine deal with Australia that angered France. VOA’s senior diplomatic correspondent Cindy Saine has more.  Produced by: Kim Weeks …

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Biden Won’t Shield Trump Records From House’s January 6 Inquiry

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President Joe Biden will not invoke executive privilege to shield former President Donald Trump’s records in relation to an investigation into the deadly attack on the U.S. Capitol on January 6, White House press secretary Jen Psaki said on Friday.  “The president has already concluded that it would not be appropriate to assert executive privilege,” Psaki said. “And so, we will respond promptly to these questions as they arise.”  The U.S. House of Representatives Select Committee investigating the deadly January 6 riot at the Capitol has subpoenaed four former members of Donald Trump’s administration, including Mark Meadows and Steve Bannon,more

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Arizona County says Cyber Ninjas Election Review Shows Biden Win

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Arizona’s most populous county has confirmed that a draft report of a partisan audit of its vote count in the 2020 presidential election declares Joe Biden as the winner. The report by Cyber Ninjas, a little known Florida-based cybersecurity company, shows Maricopa County’s result in November was correct, the county tweeted late Thursday. “The #azaudit draft report from Cyber Ninjas confirms the county’s canvass of the 2020 General Election was accurate and the candidates certified as the winners did, in fact, win,” it wrote. The conclusion, which is expected to be released publicly Friday, effectively ends the discredited Republican-led bidmore

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Democrats See Tax ‘Framework’ to Pay for Huge $3.5 Trillion Package

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The White House and congressional Democrats have agreed to a framework of options to pay for their huge emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu to tax possibilities they can pass to fund President Joe Biden’s $3.5 trillion plan.  Senate Majority Leader Chuck Schumer of New York and House Speaker Nancy Pelosi of California announced the progress as Biden administration officials and Democratic congressional leaders negotiated behind the scenes. The package aims to rewrite tax and spending priorities to expand programs for Americans of all ages while uppingmore

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US House Backs Bill to Provide $1B for Israel Missile-Defense System

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The U.S. House of Representatives voted overwhelmingly on Thursday for legislation to provide $1 billion to Israel to replenish its “Iron Dome” missile-defense system, just two days after the funding was removed from a broader spending bill.    The measure passed by 420 to 9, with two members voting present.    Some of the most liberal House Democrats had objected to the provision and said they would vote against the broad spending bill if it was included. That threatened the bill’s passage, with Democrats only narrowly controlling the House, because Republicans have opposed the plan to fund the federal governmentmore

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Bipartisan Police Reform Talks Collapse in US Senate

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Bipartisan talks in the U.S. Senate to reform policing that began after a spate of police killings of unarmed Black citizens in 2020 have collapsed, dealing at least a temporary setback to President Joe Biden’s vow to address police brutality.   The negotiations started nine months ago following the high-profile police killings of George Floyd in Minneapolis, Minnesota, and Breonna Taylor in Louisville, Kentucky, and the deaths of other Blacks that drew less attention.     Floyd was pinned under a white police officer’s knee for more than nine minutes in an incident captured on cellphone video by a bystander.more

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Disagreement Over Debts, Spending Plunge Washington Into Crisis Mode 

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The Biden administration and congressional Democrats are facing what may be the most politically fraught moment since they took unified control of Washington in January. Lawmakers are battling to avoid a potential government shutdown and a default on the national debt at the same time that Democratic infighting is endangering two pieces of legislation meant to further the party’s key priorities. The stakes, for both the U.S. economy and President Joe Biden’s domestic agenda, could scarcely be higher. A combination of a few missteps or delays in passing a budget resolution and raising the amount of money that the Treasurymore

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