Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Business The White House is attempting to speed up the completion of projects tied to the new infrastructure law

The White House is attempting to speed up the completion of projects tied to the new infrastructure law (Photo by Bernd Wüstneck/picture alliance via Getty Images)

By Savannah Young Leaders Staff

Savannah Young

Savannah Young

News Writer

Savannah Young is a news writer for Leaders Media. Previously, she was a digital reporter for WATE Channel 6 (ABC)...

Full bio


Learn about our editorial policy

Oct 13, 2022

White House Accelerating Infrastructure Build Out

The White House is attempting to speed up the completion of projects tied to the new infrastructure law.

Key Details

  • The White House held a summit today to speed up the building process of projects tied to last year’s infrastructure law.
  • The projects are continuously being plagued by rising prices causing big delays, so the idea behind this summit is to speed up the process and bypass as many delays as possible.
  • The projects in the infrastructure law amount to around $1 trillion, bypassing delays and shortages will also help to not spend as much money in the long run.

Why it’s news

Last November, President Joe Biden passed the infrastructure law as an investment in the nation’s infrastructure and competitiveness. 

The legislation will rebuild America’s roads, bridges, and rails, expand access to clean drinking water, ensure every American has access to high-speed internet, tackle the climate crisis, advance environmental justice, and invest in communities that have too often been left behind, according to a White House press release from last year.

The summit meeting was held to discuss the rush the White House is trying to put on the infrastructure building as the projects are being stricken by rising prices, worker shortages, and other delays. The hope of the rush is to speed up the process and escape as many delays as possible.

“This is the first time we’ve tried this in 50 years on this level,” says White House infrastructure coordinator Mitch Landrieu. “We’re going to really push hard to make it go faster and try to do it better, and try to get at least all the federal agencies focused on accelerating the pace of design, construction, permitting.”

Inflation has caused some project prices to surge as much as 30% causing multiple barriers and delays.

“I just fully expect that the more we work on this, and the better we get, the more money we’re going to save and the more time we’re going to save,” says Landrieu.

Home / News / White House Accelerating Infrastructure Build Out
Share
FacebookTweetEmailLinkedIn

Related Stories

61% Of Americans Are Living Paycheck-To-Paycheck 

by Tyler Hummel Leaders Staff
Markets

Sep 8, 2023

Nearly two-thirds of Americans are feeling pinched by inflation. 

Key Details

  • LendingClub’s newest research shows that 61% of adults lived paycheck-to-paycheck in July 2023, increasing from 59% in July 2022. 
  • Even with inflation decreasing from 8.5% to 3.2% in 12 months, consumers still struggle to get by.  
  • A portion of this is attributed to irresponsible spending, with 21% of survey respondents saying nonessential spending is responsible for their financial issues. 
  • Low-income consumers—making less than $50,000 per year—were among the hardest hit by tightening wallets, Fortune reports. 
  • Bankrate’s Annual Emergency Fund Report earlier this year found that 57% of Americans cannot afford a $1,000 emergency. 

Go deeper

FacebookTweetEmailLinkedIn

Google Cracks Down On A.I. Election Ads

by Tyler Hummel Leaders Staff
Tech

Sep 7, 2023

Political campaigns using artificial intelligence (AI) generated content must disclose this information in Google and YouTube content. 

Key Details

  • Google has revealed a new disclosure policy that will force election advertisers to label AI content distinctly from real content. 
  • As of mid-November, generative AI content must receive a label to make it clearly identifiable to avoid spreading election misinformation. 
  • Google’s digital ad business joins companies like Meta Platform’s Facebook and Instagram in cracking down on deep fakes and spreading misinformation. 

Go deeper

FacebookTweetEmailLinkedIn

Vivek Ramaswamy’s Anti-ESG Firm Is Worth $1 Billion 

by Tyler Hummel Leaders Staff
Environment

Sep 7, 2023

The third most popular GOP presidential candidate has built his name fighting “wokeness”—and that reputation is paying off for his asset management company. 

Key Details

  • Ohio-based Strive Asset Management is an anti-activism fund company that promises investors higher-quality returns and investments.  
  • It was partly founded by Peter Thiel and Bill Ackman to rival investors at environmental, social, and governance (ESG)-friendly firms. 
  • On Tuesday, the firm announced that its accumulated assets now exceed $1 billion, slightly more than a year after it launched in 2022. 
  • The company is also currently facing lawsuits from two former employees arguing that it mistreats staff and engages in securities violations.

Go deeper

FacebookTweetEmailLinkedIn
Investing

Sep 7, 2023

Bill Gates Makes a $96.6 Million Bud Light Bet

by Tyler Hummel Leaders Staff
Cryptocurrency

Sep 6, 2023

Cathie Wood Bets Bullish On Big Tech 

by Tyler Hummel Leaders Staff
Some U.S. companies are finding it easier to hire help, after a rough few years
Hiring

Sep 6, 2023

Promotions Can Increase the Number Of Employees Quitting 

by Tyler Hummel Leaders Staff

Recent Articles

Hiring

Sep 20, 2023

40+ Interview Questions for Managers to Practice Before a Job Interview

Interview well by working through this list of questions for managers

Real Estate

Sep 19, 2023

How Does Rent-to-Own Work? 6 Benefits and the Costly Mistakes

Explore the risks and payoffs in the little-known rent-to-own agreement

Business

Sep 18, 2023

25 Recession-Proof Jobs That Keep People From Getting Laid Off at Work

Learn what the safest jobs are during an economic downturn

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com