Yellen pitches infrastructure spending on the global stage to combat climate change
CBSN
During her first travels overseas since being sworn into office, Treasury Secretary Janet Yellen called for spending on sustainable infrastructure to help combat climate change. And she wants the private sector to get in on the action.
But her pitch comes as negotiations on infrastructure between the Biden administration and Republican lawmakers have been moving slowly in Washington. Yellen is in London this week to meet with the G7 finance ministers to discuss international priorities including economic recovery from the coronavirus pandemic. She also delivered remarks at the G20 Infrastructure Investors Dialogue, which looks to increase collaboration between officials in member nations and investors. According to the Organization for Economic Cooperation and Development, the infrastructure investment gap is set to reach $15 trillion by 2040 as public and private spending declines.Authorities made two gruesome discoveries Tuesday after a Missouri woman walked into a police station and told officers that she fatally shot one of her children and drowned the other, officials said. Jefferson County Sheriff Dave Marshak said at a news conference that authorities believe both children were killed Tuesday morning.
Strong storms with damaging winds and baseball-sized hail pummeled Texas on Tuesday, leaving more than one million businesses and homes without power as much of the U.S. recovered from severe weather, including tornadoes, that killed at least 24 people in seven states during the Memorial Day holiday weekend.