Name: $1.2 Trillion Bill Sent To The President's Desk | November 8, 2021
Uploaded: 2021-11-09T03:15:04.000Z
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Infrastructure and you sounds like an old timey school informational video.

But that is the topic that leads off today's objective coverage on CNN 10 and we're happy to have you watching.

House of Representatives passed a spending bill worth $1.2 trillion.

It's called the Infrastructure Investment and Jobs Act.

The bill had been passed by the Senate in august so it's now headed to President joe biden's desk for his signature into law.

Congress has been a major priority for the president so its passage is considered a legislative victory for him.

But it took months and several setbacks before the bill was passed, even though it had bipartisan support in Congress, The final house vote was 228 - 206.

A majority of Democrats and a minority of Republicans voted for it though a handful of Democrats joined most Republicans in voting against it.

There is a lot in this bill here is where some of the spending is going with the largest allocation of money in this graphic intended for upgrades to roads and bridges.

But if you add up all the funding for everything you see here, it amounts to $540 billion, less than half the total cost of the $1.2 trillion dollar law.

So there are a lot of smaller spending categories that factor in some lawmakers were concerned this spending would add to the federal deficit, the amount the government spends that exceeds the revenue it takes in president biden and the bill's supporters have said it wouldn't have a negative impact.

But the Congressional Budget office, which aims to give nonpartisan estimates on government spending and budgets, says the bill will add $256 billion to the deficit over the next 10 years concerned about spending.

Or one reason why the infrastructure bill got held up in Congress, there's another separate spending plan that the biden administration wants past.

It's focused on social programs like government funded preschool, lower cost childcare money for low cost housing and more than half a trillion dollars in spending on climate programs.

That bill's planned cost is currently $175 trillion.

But unlike the infrastructure bill, the social spending plan has no bipartisan support all republicans oppose it.

And even though democrats control both chambers of Congress, they've had a number of disagreements over what should go into the social spending plan and what it should cost.

Those disagreements held up passage of the infrastructure bill until last friday.

Will Congress continues to debate the social plan and wait for the Congressional Budget office to give estimates on what it would finally cost.

But the infrastructure bill is a done deal and the president says he'll sign it this week, 12th trivia, which U.

President signed a law creating the Department of Labor in 1913.

Theodore Roosevelt William, Howard Taft, Woodrow Wilson and Warren G harding in the closing hours of his presidency.

William Howard Taft signed the Department of Labor bill.

The Labor Department issues a monthly jobs report.

Looking at the state of employment in America and it has been on a roller coaster ride recently.

The initial jobs report for july for instance, indicated the U.

But in august 235,000 jobs were added when economists expected hundreds of thousands more And September was worse with initial estimates at 194,000 editions.

But the latest report with the numbers for October indicated in addition of 531,000 new jobs that exceeded economists expectations, analysts say America's decreasing COVID cases likely factored in here, so might have holiday hiring and a government stimulus program that gave financial aid to people who weren't working also expired recently.

Critics of that program say that prompted some people to go back to work more possible reasons for the rebound.

There's been a lot of different options at a job fair in charlotte this week.

Dustin jones was looking for a position requiring a commercial driver's license or in an office jones said he wanted a job that could hold if there's another shutdown due to covid and he was optimistic.

This is the best time to go job hunting people are very desperate to hire.

So as far as like qualifying, there's a lot of paid training on the job.

Labor department wholeheartedly agrees with Dustin jones.

Economy added a whopping 531,000 new jobs last month.

About 80,000 more than economists had predicted.

What this says to me is that the delta variant is ebbing more.

People have been vaccinated and there is a lot of pent up demand in the system post covid people want to spend And people are getting back to work.

22 million jobs were lost when the pandemic hit in March of last year.

But since then 18 million have been gained a rebound of about 80%.

The leisure and hospitality sector of the U.

Economy which was hit hardest during the pandemic recession is still about a million and a half jobs short of its pre pandemic level.

But analysts say the latest job numbers indicate a healthy rebound for that sector.

Leisure and hospitality, that's where obviously we saw some really big gains.

But you know construction, manufacturing, professional services, health care all added very significantly.

The only part of the economy that didn't add two jobs was government and analysts say certain demographics of people who re entered the workforce recently are fueling the surge.

Women were hurt especially badly early on in the pandemic as you can imagine because of the child care crunch and I think we're finally seeing women catch up.

But overall, the american economy is not free and clear of the pandemic.

You have supply chain problems that are leading to inflation and shortages.

You have consumers worried about the price of gas, worried about the price of groceries.

And at least one analyst is warning of what he calls a potential hard landing in the housing market.

Mark Zandi of moody's analytics points out, there's a shortage of affordable houses in America.

House prices have skyrocketed in recent months.

If interest rates go up to combat inflation, higher mortgage rates could really hurt demand for houses.

It may not derail the economy, Zandi says, but homeowners could see some real declines in their house prices, brian todd CNN Washington.

It's that time of year when you hear a whole lot about getting that extra hour of sleep as the US falls back from daylight saving time to standard time that happened on sunday, It means it'll be dark outside an hour earlier.

But it also means there will be more light outside when we get up in the morning calls to stop observing daylight saving time seemed to be louder in the spring when americans have to move their clocks forward one hour and lose that hour of sleep.

But one thing that's kept us springing ahead and falling back every year is the fact that there's been no agreement yet which time to choose?

Year round standard time or daylight saving time, how did all this start anyway?

So why don't we change the clocks ahead one hour in the spring and back one hour in the fall.

What's actually to reduce the electricity consumption by extending the daylight hours in the US.

We change our clocks at two a.m. On the second sunday in March.

On the first sunday in november, we change our clocks at two a.m. Again that's actually just going back to standard time, believe it or not.

That started with an idea from Benjamin franklin.

Yeah, Franklin did write an essay suggesting that people could use less candles if they got up early and made better use of daylight.

In 1918, the standard time act established time zones and daylight saving time, but not all states participate to this day.

Most of Arizona in all of Hawaii do not change their clocks over 70 countries across the world observe daylight saving time with notable exceptions of china and Japan in 2000 and seven.

We actually change the date of when we set our clocks back an hour to the first week in november.

This help protect trigger traders by giving them an extra hour of daylight.

One of the other lines of thinking was that we would have a better voter turnout on election years, experts say each time you change your clocks, it's always a good idea to change those batteries in your smoke detector and always look forward to fall when you get that extra hour of sleep For 10-10.

An art exhibition that just wrapped up in Egypt is really one of a kind.

I mean you won't find this anywhere else.

The exhibition was called Forever is now and it featured large scale sculptures and installations by 10 contemporary artists.

Some of their works appear to incorporate their ancient background more than others.

The whole goal was to blend the past and the present.

Oh some might not think it's worth the Monet.

They might not even see the purpose or Rivera the modern methods if they believe in a key thing or leaving the pyramids kath alone.

But for those who go shingle into thinking the past and present Rockwell together.

Well they'll see that just like with the pyramids themselves.

 There's a point before we leave we would like to point to our viewers in Bucharest, the capital of Romania, shout out to the students of Bucharest christian academy. 