Shares in China jump on news of boost to infrastructure investment

Shares in mainland China surged on Tuesday, as a signal of an infrastructure boost from Beijing outweighed comments from U.S. President Donald Trump on the ongoing trade war between the two economic powerhouses. The Shanghai composite rose 2.58% to close at about 2,925.72 and the Shenzhen component jumped 3.74% to finish its trading day at 9,037.67. The CSI 300, which tracks the largest companies on the mainland, also gained 3.01% to close at approximately 3,719.28. Hong Kong-listed shares of Ch


Shares in mainland China surged on Tuesday, as a signal of an infrastructure boost from Beijing outweighed comments from U.S. President Donald Trump on the ongoing trade war between the two economic powerhouses. The Shanghai composite rose 2.58% to close at about 2,925.72 and the Shenzhen component jumped 3.74% to finish its trading day at 9,037.67. The CSI 300, which tracks the largest companies on the mainland, also gained 3.01% to close at approximately 3,719.28. Hong Kong-listed shares of Ch
Shares in China jump on news of boost to infrastructure investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, mainland, close, investment, shenzhen, boost, china, trading, shares, jump, rose, soared, infrastructure, index, local


Shares in China jump on news of boost to infrastructure investment

Shares in mainland China surged on Tuesday, as a signal of an infrastructure boost from Beijing outweighed comments from U.S. President Donald Trump on the ongoing trade war between the two economic powerhouses.

The Shanghai composite rose 2.58% to close at about 2,925.72 and the Shenzhen component jumped 3.74% to finish its trading day at 9,037.67. The Shenzhen component soared 3.708% to close at 1,538.23. The CSI 300, which tracks the largest companies on the mainland, also gained 3.01% to close at approximately 3,719.28.

The moves on the mainland came after state news agency Xinhua reported Monday that China would enable local governments to use special bonds to finance certain investment projects, citing a “notice on local government bonds.”

Over in Hong Kong, the Hang Seng index added 0.83%, as of its final hour of trading. Hong Kong-listed shares of China Construction Bank rose 1.43%.

Elsewhere, Japan’s Nikkei 225 close 0.33% higher to close at 21,204.28, while the Topix index added 0.54% to finish its trading day at 1,561.32. South Korea’s Kospi rose 0.59% to close at 2,111.81 as shares of LG Electronics soared 6.03%.

Over in Australia, shares traded higher after returning from a holiday. The ASX 200 advanced 1.59% to close at 6,546.30 as most sectors saw gains.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: eustance huang
Keywords: news, cnbc, companies, mainland, close, investment, shenzhen, boost, china, trading, shares, jump, rose, soared, infrastructure, index, local


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Trump says he won’t do an infrastructure bill while Democrats continue to investigate him

Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure. According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. Meeting over,'” Trump said, and then he left. It appeared as though Trump’s abrupt walkout had been


Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure. According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. Meeting over,'” Trump said, and then he left. It appeared as though Trump’s abrupt walkout had been
Trump says he won’t do an infrastructure bill while Democrats continue to investigate him Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: christina wilkie
Keywords: news, cnbc, companies, house, meeting, democratic, walked, trump, youre, democrats, pelosi, continue, wont, bill, investigate, white, infrastructure, president


Trump says he won't do an infrastructure bill while Democrats continue to investigate him

President Donald Trump abruptly walked out of a meeting with House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., at the White House Wednesday, telling reporters moments later that he would not negotiate on legislation with Democrats while he was still under investigation by several committees.

Wednesday’s meeting was supposed to be the second official sit-down between the president and Democratic leadership specifically focused on infrastructure.

“I walked into the room and I told Senator Schumer and Speaker Pelosi, ‘I want to do infrastructure’ …. but we can’t do it under these circumstances,” Trump said in a last minute Rose Garden event.

Trump’s anger appears to have been sparked by comments Pelosi made earlier in the day when she said, “we believe the president of the United States is engaged in a cover up” by blocking White House aides from giving testimony and responding to document requests from ongoing congressional investigations.

“I don’t do cover ups,” Trump insisted Wednesday.

According to a White House official who spoke to CNBC, the meeting in the Cabinet Room lasted only about seven minutes. Trump effectively said to the visiting Democrats that he wanted to do infrastructure, “‘but you’re focused on investigating. When you’re done we can talk. Meeting over,'” Trump said, and then he left.

“I knew the president was not serious about infrastructure and would find a way out,” Pelosi said to her Democratic colleagues after Trump’s exit, according to a Democratic aide who spoke to NBC News.

It appeared as though Trump’s abrupt walkout had been planned in advance, given that the White House had prepared a sign to adorn the presidential lectern, and handouts that were given to reporters following the Rose Garden statement.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: christina wilkie
Keywords: news, cnbc, companies, house, meeting, democratic, walked, trump, youre, democrats, pelosi, continue, wont, bill, investigate, white, infrastructure, president


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‘I don’t do cover-ups’: Trump angrily lashes out at Democratic probes at surprise White House press conference after canceling infrastructure sitdown

President Donald Trump speaks about Robert Mueller’s investigation into Russian interference in the 2016 presidential election in the Rose Garden at the White House May 22, 2019 in Washington, DC. President Donald Trump on Wednesday blasted congressional Democratic investigations and calls for his impeachment during an angry, surprise White House press conference that came after he abruptly walked out of a meeting with member of Congress that was supposed to discuss how to fund national infrastr


President Donald Trump speaks about Robert Mueller’s investigation into Russian interference in the 2016 presidential election in the Rose Garden at the White House May 22, 2019 in Washington, DC. President Donald Trump on Wednesday blasted congressional Democratic investigations and calls for his impeachment during an angry, surprise White House press conference that came after he abruptly walked out of a meeting with member of Congress that was supposed to discuss how to fund national infrastr
‘I don’t do cover-ups’: Trump angrily lashes out at Democratic probes at surprise White House press conference after canceling infrastructure sitdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: dan mangan
Keywords: news, cnbc, companies, house, dont, trump, press, sitdown, members, surprise, lashes, muellers, russian, white, probes, infrastructure, reporters, president


'I don't do cover-ups': Trump angrily lashes out at Democratic probes at surprise White House press conference after canceling infrastructure sitdown

President Donald Trump speaks about Robert Mueller’s investigation into Russian interference in the 2016 presidential election in the Rose Garden at the White House May 22, 2019 in Washington, DC.

President Donald Trump on Wednesday blasted congressional Democratic investigations and calls for his impeachment during an angry, surprise White House press conference that came after he abruptly walked out of a meeting with member of Congress that was supposed to discuss how to fund national infrastructure improvements.

“I don’t do cover-ups,” Trump fumed to reporters in the Rose Garden. “Get these phony investigations over with.”

The infrastructure meeting at the White House had started, and abruptly ended, not long after House Speaker Nancy Pelosi, D-California, told reporters that “we believe the president of the United States is engaged in a cover-up.”

Pelosi in recent days has come under pressure from some members of her caucus to start impeachment proceedings against Trump for his blocking testimony to congressional panels by current and former administration officials and by refusing to turn over documents to those committtees.

Trump cited Pelosi’s comments, calling them “incosiderate,” before walked out of the Cabinet meeting room to go speak to reporters, according to Democratic aides who spoke to NBC News.

Pelosi then said to others still in the room, “I knew the president was not serious about infrastructure and would find a way out,” a Democratic aide said.

The president’s ostensibly impromptu press conference stunned members of the media at the White House, who had no advance notice of it, and who were expecting to be reporting details of the infrastructure meeting.

“This whole thing was a take-down attempt at the president of the United States,” Trump told reporters, referring to special counsel Robert Mueller’s probe of Russian interference in the 2016 election, possible collusion by members of the Trump campaign, and possible obstruction of justice by Trump himself.

Mueller, in his final report, said Russian agents did try to influence the outcome of the election to benefit Trump, but did not find evidence that members of Trump’s campaign coordinated with Russians in that effort. Mueller said he “found multiple acts by the President” that could have exercised “undue influence over law enforcement investigation,” including the Russia probe, but did not conclude one way or the other if Trump obstructed justice.

Trump said that the press should be “ashamed” of themselves for how they have reported on Mueller’s investigation.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: dan mangan
Keywords: news, cnbc, companies, house, dont, trump, press, sitdown, members, surprise, lashes, muellers, russian, white, probes, infrastructure, reporters, president


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Infrastructure stocks tumble after Trump says no spending deal while Democrats investigate him

Stocks that would benefit from a federal infrastructure spending program fell more than the rest of the market and hit their lows of the day after President Donald Trump abruptly ended a meeting on infrastructure spending with Democratic leaders. Stocks such as Granite Construction, Nucor, Martin Marietta Materials, Simpson Manufacturing and Fluor fell roughly in tandem, after Trump said he wouldn’t make an infrastructure deal while Democrats investigate him. A White House official told CNBC the


Stocks that would benefit from a federal infrastructure spending program fell more than the rest of the market and hit their lows of the day after President Donald Trump abruptly ended a meeting on infrastructure spending with Democratic leaders. Stocks such as Granite Construction, Nucor, Martin Marietta Materials, Simpson Manufacturing and Fluor fell roughly in tandem, after Trump said he wouldn’t make an infrastructure deal while Democrats investigate him. A White House official told CNBC the
Infrastructure stocks tumble after Trump says no spending deal while Democrats investigate him Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: patti domm
Keywords: news, cnbc, companies, deal, meeting, infrastructure, investigate, trump, tumble, house, told, pelosi, fell, stocks, market, white, democrats, spending


Infrastructure stocks tumble after Trump says no spending deal while Democrats investigate him

Stocks that would benefit from a federal infrastructure spending program fell more than the rest of the market and hit their lows of the day after President Donald Trump abruptly ended a meeting on infrastructure spending with Democratic leaders.

Stocks such as Granite Construction, Nucor, Martin Marietta Materials, Simpson Manufacturing and Fluor fell roughly in tandem, after Trump said he wouldn’t make an infrastructure deal while Democrats investigate him. Trump walked out of the meeting at the White House attended by House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Chuck Schumer, D-N.Y.

“I walked into the room and I told Sen. Schumer and Speaker Pelosi, ‘I want to do infrastructure’ … but we can’t do it under these circumstances,” Trump told members of the press in the Rose Garden.

Trump appeared to be reacting to comments Pelosi made earlier in the day when she said, “We believe the president of the United States is engaged in a cover-up” by blocking White House aides from giving testimony and responding to document requests in ongoing congressional investigations.

A White House official told CNBC the meeting between Trump and the Democrats lasted just about seven minutes.

Individual infrastructure stocks fell more than ETFs, including IFRA, the iShares U.S. Infrastructure ETF, down 0.7%, and IGF, iShares Global Infrastructure ETF, which was flat.

Art Cashin, director of floor operations at UBS, said the infrastructure program would be important for the market, but overall, stocks reacted little.

Stocks were already weaker, under pressure from trade tensions. The Dow Jones Industrial Average fell 96 points. The S&P 500 slipped 0.3%, with the tech sector sliding 0.2%. The Nasdaq Composite declined by 0.4%.

“They should care about that,” said Cashin.

Cashin said there are no dates for China talks, and the market is dealing with that uncertainty.

“You don’t have anything else going on. The hope was for an infrastructure deal,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: patti domm
Keywords: news, cnbc, companies, deal, meeting, infrastructure, investigate, trump, tumble, house, told, pelosi, fell, stocks, market, white, democrats, spending


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Oil prices jump as Saudi energy minister reports drone ‘terrorism’ against pipeline infrastructure

Saudi Arabia’s Energy Minister Khalid al-Falih attends a press conference at the end of the 13th meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non- OPEC countries in Baku on March 18, 2019. DUBAI — Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia. The incident is an “act of terrorism,” Saudi Energy Minister Khalid al-Falih said according to the Saudi state news agency SPA, describing attacks on two oil pumping


Saudi Arabia’s Energy Minister Khalid al-Falih attends a press conference at the end of the 13th meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non- OPEC countries in Baku on March 18, 2019. DUBAI — Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia. The incident is an “act of terrorism,” Saudi Energy Minister Khalid al-Falih said according to the Saudi state news agency SPA, describing attacks on two oil pumping
Oil prices jump as Saudi energy minister reports drone ‘terrorism’ against pipeline infrastructure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: natasha turak
Keywords: news, cnbc, companies, minister, jump, stations, infrastructure, spa, state, opec, alfalih, oil, supplies, pipeline, pumping, terrorism, prices, saudi, reports, energy


Oil prices jump as Saudi energy minister reports drone 'terrorism' against pipeline infrastructure

Saudi Arabia’s Energy Minister Khalid al-Falih attends a press conference at the end of the 13th meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non- OPEC countries in Baku on March 18, 2019.

DUBAI — Oil prices rose sharply Tuesday morning on reports of a drone attack at oil pumping stations in Saudi Arabia.

The incident is an “act of terrorism,” Saudi Energy Minister Khalid al-Falih said according to the Saudi state news agency SPA, describing attacks on two oil pumping stations near Riyadh for the country’s East-West pipeline carried out with bomb-laden drones.

Brent crude futures were up 1.6% at $71.38 a barrel, up $1.15. U.S. West Texas Intermediate (WTI) crude futures were at $61.95 per barrel at 11:26 a.m. New York time, up 1.4% for the session.

The fire has since been contained, according to the SPA. Al-Falih asserted that oil production was not interrupted. State oil company Saudi Aramco said that its oil and gas supplies to Europe have not been affected, and that no one was injured.

“This act of terrorism and sabotage in addition to recent acts in the Arabian Gulf do not only target the Kingdom but also the security of world oil supplies and the global economy,” the SPA described al-Falih as saying.

No one has yet been directly accused of carrying out the attack, but a Yemeni Houthi-run TV channel announced on Tuesday morning it had launched drone attacks on several Saudi installations.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: natasha turak
Keywords: news, cnbc, companies, minister, jump, stations, infrastructure, spa, state, opec, alfalih, oil, supplies, pipeline, pumping, terrorism, prices, saudi, reports, energy


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The 5 best US states to live in, according to US News & World Report

Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. Geography can have a major impact on your career, earnings and quality of life. Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity. The resulting Best States of 2019 list reflects the states that offer


Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. Geography can have a major impact on your career, earnings and quality of life. Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity. The resulting Best States of 2019 list reflects the states that offer
The 5 best US states to live in, according to US News & World Report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: abigail hess
Keywords: news, cnbc, companies, ranking, highquality, report, stability, live, states, according, healthcare, infrastructure, world, public, education, best


The 5 best US states to live in, according to US News & World Report

Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. “pop.” Geography can have a major impact on your career, earnings and quality of life.

Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity.

U.S. News ranks each state from one to 50 — with one being the best and 50 being the worst — across each of these eight categories and then uses a weighed average to create a final ranking of the best places to live in the country.

The resulting Best States of 2019 list reflects the states that offer residents public safety and just corrections programs, strong employment and growth, high-quality public education, clean air and water, long and short-term financial stability, access to high-quality healthcare as well as robust energy, internet and transportation infrastructure. U.S. News also calculated opportunity based on variables like cost of living and economic equality.

Here is are the top five states on U.S. News’ Best States of 2019 ranking:


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: abigail hess
Keywords: news, cnbc, companies, ranking, highquality, report, stability, live, states, according, healthcare, infrastructure, world, public, education, best


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Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats

The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate. In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations. “If Congress


The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate. In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations. “If Congress
Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: brian schwartz
Keywords: news, cnbc, companies, americans, washington, wants, slams, trump, wasting, instead, cost, agreement, urged, democrats, infrastructure, network, trillion, koch


Koch network slams $2 trillion infrastructure cost agreement between Trump and top Democrats

The libertarian political network funded by billionaire Charles Koch on Tuesday is not happy with the $2 trillion infrastructure price tag agreed upon by President Donald Trump, House Speaker Nancy Pelosi and Chuck Schumer, the top Democrat in the Senate.

In a statement first given to CNBC, Americans for Prosperity, one of the key groups in the influential Koch network, ripped the idea of spending that much on infrastructure and instead urged leaders to focus on cutting regulations.

“If Congress wants to find money to modernize our roads and bridges, we encourage them to look to their own pockets – Americans have been filling them up for years,” Americans for Prosperity’s head of government affairs Brent Gardner said. “Instead of proposing a $2 trillion catch-all ‘infrastructure’ bill and asking hard-working Americans to fund it by paying more at the pump, Washington lawmakers should cut the red tape and stop wasting the tax dollars we give them.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: brian schwartz
Keywords: news, cnbc, companies, americans, washington, wants, slams, trump, wasting, instead, cost, agreement, urged, democrats, infrastructure, network, trillion, koch


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Trump and Democrats agreed $2 trillion is needed for infrastructure, Chuck Schumer says

President Donald Trump and leading Democratic lawmakers agreed that a plan to overhaul U.S. infrastructure would need $2 trillion, Senate Minority Leader Chuck Schumer, D-N.Y., said Tuesday. At a previous meeting between Schumer, House Speaker Nancy Pelosi and Trump in December, the leaders openly clashed on camera over the president’s proposed border wall. The White House did not immediately respond to CNBC’s request for comment on Schumer’s remarks. Pelosi told reporters that Trump agreed on t


President Donald Trump and leading Democratic lawmakers agreed that a plan to overhaul U.S. infrastructure would need $2 trillion, Senate Minority Leader Chuck Schumer, D-N.Y., said Tuesday. At a previous meeting between Schumer, House Speaker Nancy Pelosi and Trump in December, the leaders openly clashed on camera over the president’s proposed border wall. The White House did not immediately respond to CNBC’s request for comment on Schumer’s remarks. Pelosi told reporters that Trump agreed on t
Trump and Democrats agreed $2 trillion is needed for infrastructure, Chuck Schumer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: kevin breuninger
Keywords: news, cnbc, companies, schumer, plan, senate, white, needed, house, trump, chuck, meeting, democrats, agreed, pelosi, trillion, infrastructure


Trump and Democrats agreed $2 trillion is needed for infrastructure, Chuck Schumer says

Speaker of the House Nancy Pelosi (D-CA) (L) and Senate Minority Leader Charles Schumer (D-NY) lead fellow Congressional Democrats out of the White House following a meeting with President Donald Trump at the White House April 30, 2019 in Washington, DC.

Rebuilding the country’s aging infrastructure is one of the few bipartisan issues in American politics. Democrats and Republicans alike have stressed the importance of repairing and modernizing U.S. transportation, broadband, and water and power projects, and both parties have submitted separate funding proposals to achieve those goals.

“We agreed on a number, which was very, very good,” Schumer said.

President Donald Trump and leading Democratic lawmakers agreed that a plan to overhaul U.S. infrastructure would need $2 trillion, Senate Minority Leader Chuck Schumer, D-N.Y., said Tuesday.

Yet the issue has languished on Capitol Hill — and the Trump administration’s repeated attempts to refocus lawmakers through the label of “infrastructure week” have become a running joke in Congress.

Schumer said “there was good will in this meeting” between the White House and Democrats — a tone that was “different than some of the other meetings we’ve had,” he added.

At a previous meeting between Schumer, House Speaker Nancy Pelosi and Trump in December, the leaders openly clashed on camera over the president’s proposed border wall. Trump said at that meeting that he would be “proud” to shut down the government in pursuit of funding to build a wall along the U.S.-Mexico border. The government partially shut down less than two weeks later, and stayed that way for 35 days — the longest such closure in U.S. history.

Schumer told reporters after the meeting Tuesday morning that there was no inherent conflict in working with Trump to pass an infrastructure plan while, at the same time, Democrats in the House and Senate push forward in multiple investigations centered around Trump, his finances and his associates. “The two are not mutually exclusive and we were glad we didn’t make it that way,” Schumer said.

The meeting was held off camera. The White House did not immediately respond to CNBC’s request for comment on Schumer’s remarks.

Speaking outside the White House just after the meeting, the Democratic leaders also said that the two sides found common ground on some of the priorities that an infrastructure plan should address. Pelosi told reporters that Trump agreed on the importance of broadband infrastructure, a signal that a broader, more modern definition of infrastructure will be the basis for further discussions.

Schumer said that another meeting will take place in three weeks.

Ahead of the meeting, a coalition of multiple groups of Democrats in the House unveiled an infrastructure road map stating that the majority of funding for any bill should come from the federal government.

Trump’s latest plan prior to Tuesday’s meeting, however, aimed to use $200 billion in federal funds to spur a total of $1 trillion in spending from state and local governments, as well as private partners.

Despite their differences, Pelosi, Schumer and a raft of Democratic lawmakers met with Trump and members of his team at the White House Tuesday morning to discuss infrastructure.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: kevin breuninger
Keywords: news, cnbc, companies, schumer, plan, senate, white, needed, house, trump, chuck, meeting, democrats, agreed, pelosi, trillion, infrastructure


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Liberal and moderate Democrats unveil an infrastructure road map with no price tag as Nancy Pelosi and Chuck Schumer prepare to meet Trump

Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference in the Capitol about a continuing resolution to re-open the government on Friday, January 25, 2019. WASHINGTON – A broad coalition of House Democrats is laying out an infrastructure plan road map that calls on the federal government to provide the majority of funding and warns against repealing environmental regulations. The resolution, to be introduced Monday, is a joint effort of the C


Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference in the Capitol about a continuing resolution to re-open the government on Friday, January 25, 2019. WASHINGTON – A broad coalition of House Democrats is laying out an infrastructure plan road map that calls on the federal government to provide the majority of funding and warns against repealing environmental regulations. The resolution, to be introduced Monday, is a joint effort of the C
Liberal and moderate Democrats unveil an infrastructure road map with no price tag as Nancy Pelosi and Chuck Schumer prepare to meet Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ylan mui
Keywords: news, cnbc, companies, speaker, provide, moderate, plan, resolution, infrastructure, pelosi, senate, unveil, road, trump, price, nancy, house, tag, schumer, federal, prepare


Liberal and moderate Democrats unveil an infrastructure road map with no price tag as Nancy Pelosi and Chuck Schumer prepare to meet Trump

Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference in the Capitol about a continuing resolution to re-open the government on Friday, January 25, 2019.

WASHINGTON – A broad coalition of House Democrats is laying out an infrastructure plan road map that calls on the federal government to provide the majority of funding and warns against repealing environmental regulations.

The resolution, to be introduced Monday, is a joint effort of the Congressional Progressive Caucus, the moderate Blue Dogs and newly elected Democrats. The groups hope it will provide a framework for party leadership ahead of Tuesday’s scheduled trip to the White House by House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer for a meeting with President Donald Trump to determine whether there is common ground on what traditionally has been a bipartisan issue.

The resolution calls for significant federal investment in infrastructure, stating that most of the funding should come from the government rather than private entities — a sharp contrast to Trump’s initial plan to leverage $200 billion in federal dollars as an incentive to attract a total of $1 trillion in infrastructure spending. The president’s proposal never gained traction on Capitol Hill, and Trump himself did not seem to fully embrace it.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ylan mui
Keywords: news, cnbc, companies, speaker, provide, moderate, plan, resolution, infrastructure, pelosi, senate, unveil, road, trump, price, nancy, house, tag, schumer, federal, prepare


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Amid criticism, China’s Xi says Belt and Road project can be ‘shared by the world’

China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit. BEIJING — Chinese President Xi Jinping concluded the second forum for his flagship Belt and Road Initiative on Saturday by highlighting its benefits to the global community. “While the Belt and Road Initiative was launched by China, its opportunities and outcomes are shared by the world, ” he said, addressing


China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit. BEIJING — Chinese President Xi Jinping concluded the second forum for his flagship Belt and Road Initiative on Saturday by highlighting its benefits to the global community. “While the Belt and Road Initiative was launched by China, its opportunities and outcomes are shared by the world, ” he said, addressing
Amid criticism, China’s Xi says Belt and Road project can be ‘shared by the world’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-27  Authors: evelyn cheng
Keywords: news, cnbc, companies, infrastructure, chinas, amid, project, world, shared, xi, belt, jinping, criticism, initiative, president, chinese, panama, road


Amid criticism, China's Xi says Belt and Road project can be 'shared by the world'

China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit.

BEIJING — Chinese President Xi Jinping concluded the second forum for his flagship Belt and Road Initiative on Saturday by highlighting its benefits to the global community.

“All interested countries are welcome to join us,” Xi said in an official English translation of his Mandarin Chinese remarks.

“While the Belt and Road Initiative was launched by China, its opportunities and outcomes are shared by the world, ” he said, addressing reporters at the end of the forum.

Launched in 2013, the Belt and Road Initiative is widely seen as China’s effort to increase its global influence, primarily through the financing and construction of rail, sea and other transportation routes running from Asia to Europe and Africa.

Critics say that through the massive infrastructure project, China forces developing nations to take on high debt burdens while benefiting Chinese companies which are often state-owned.

Xi said Saturday that participants in the Belt and Road agreed to pursue high quality development. In addition to more traditional areas of economic connection, he said the program would encourage the development of digital infrastructure.


Company: cnbc, Activity: cnbc, Date: 2019-04-27  Authors: evelyn cheng
Keywords: news, cnbc, companies, infrastructure, chinas, amid, project, world, shared, xi, belt, jinping, criticism, initiative, president, chinese, panama, road


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