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Biden makes final push for infrastructure deal as Senate advances plan

President Biden on Saturday gave a final push for the $1.2 trillion bipartisan infrastructure package as the Senate reconvened to advance the measure.

Driving the news: The Senate on Saturday broke the filibuster, clearing the 60-vote threshold to advance the plan for final passage, after which it will head to the House. It is not clear when the final vote will take place.


What he's saying: "The Bipartisan Infrastructure Deal ... will create good-paying, union jobs repairing our roads and bridges, replacing lead pipes, and building energy transmission lines," Biden said. "We can’t afford not to do it."

  • "We can’t just build back to the way things were before COVID-19, we have to build back better. The Bipartisan Infrastructure Deal and my Build Back Better plan will grow our economy, and create an average of 2 million good-paying jobs every year over the next decade," he added.

Go deeper: Senate readies for final infrastructure vote

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Celebrities have become a defining feature of the SPAC boom

Celebrities are becoming as endemic to SPACs as are warrants or vague areas of focus.

Why it matters: In most cases, it's an effective marketing ploy. Window dressing for retail investors and, even more importantly, for acquisition targets.

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The hoarding economy: Big businesses and the wealthy lean further into saving

Americans are locking away greater shares of their money — especially big businesses and the wealthy — a trend that has increased thanks to the coronavirus pandemic and is likely to stick around for some time.

Why it matters: The U.S. economy is built on our propensity to spend and the past decade's environment of stubbornly low interest rates, low growth and economic inequality all could be exacerbated in the future as the country leans further into the savings trend.

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