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Billionaire Investor Ray Dalio Warns Inflation Is Driving Down Real Wealth

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Reuters

‘Sheriff Joe’ Biden to name coordinator to oversee $1 trillion in infrastructure bill

U.S. President Joe Biden said he would appoint a coordinator next week to oversee spending under a $1 trillion infrastructure bill, a role similar to one he held under former President Barack Obama that earned him the nickname “Sheriff Joe.” Biden told reporters he had called his Cabinet members together to hammer home the need to ensure that the funding, and $1.75 trillion in a separate social and climate measure still working its way through Congress, were used wisely. Biden said he would sign the infrastructure measure on Monday at a bipartisan ceremony, potentially outside, and expressed confidence that it would improve U.S. competitiveness versus China and other countries, while easing inflation that has spiked in recent months.

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