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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
PoliticsThe Biden administration

‘Amtrak Joe’ Biden is handing out $16bn for railroad projects on the Northeast Corridor from Boston to Washington

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Seung Min Kim
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The Associated Press
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November 6, 2023, 6:01 AM ET
President Joe Biden speaks at Dutch Creek Farms, on Nov. 1, 2023, in Northfield, Minn.
President Joe Biden speaks at Dutch Creek Farms, on Nov. 1, 2023, in Northfield, Minn.Abbie Parr—AP
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President Joe Biden — perhaps the nation’s biggest Amtrak fan — is set to promote new federal investments for trains on the heavily-trafficked Northeast Corridor.

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Biden is headed to Amtrak Bear Maintenance Shops in Bear, Delaware, on Monday to announce more than $16 billion in new funding that will go toward 25 passenger rail projects between Boston and Washington, the White House says. Bear is located about 12 miles from Biden’s home of Wilmington.

His remarks will be held at the Amtrak Bear Maintenance Shops, where trains are maintained and repaired. The investments, the White House says, will help trains run faster, cut delays and create union jobs.

The money comes from the roughly $1 trillion bipartisan infrastructure law that Biden signed nearly two years ago, one of several legislative achievements that the president is touting as he gears up for his reelection bid. From the law, Amtrak will get about $66 billion in new investments, according to the White House.

During his 36 years as a U.S. senator, Biden traveled back and forth from Wilmington to Washington daily. The president has said that he has logged more than 1 million miles on Amtrak during his public service career.

“Amtrak wasn’t just a way to get home to family,” Biden said at an infrastructure event in Baltimore earlier this year. “The conductors, the engineers — they literally became my family.”

There are about 800,000 trips daily on Amtrak’s Northeast Corridor, the White House says, which makes it the busiest rail corridor in the U.S.

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