President-elect Trump unveils SoftBank's major investment in the US, focusing on AI jobs. GOP leaders outline plans to utilize reconciliation to advance Trump's agenda.
U.S. President-elect Donald Trump announced that SoftBank will invest over $100 billion in projects in the United States, including 100,000 artificial intelligence-related jobs, during a news conference at Trump 's Mar-a-Lago resort. He also answered questions on Syria, Israel, Ukraine, the economy, cabinet picks, and other topics. Meanwhile, GOP leaders in the Capitol are planning to use a legislative maneuver called reconciliation to advance Trump 's policies after he takes office.
Senators Tim Scott, Mike Lee, Ron Johnson, and Rep. Andy Harris are hosting a news conference to discuss the plan. Republicans aim to pass a bill that implements Trump's tax policies, reduces the federal deficit, and enacts conservative priorities in 2025. Reconciliation allows Congress to expedite certain budget legislation in the Senate and bypass the filibuster. Sen. Lee criticized Congress for not restoring executive power to the president, particularly regarding the Impoundment Control Act, which prevents the president from cutting spending. He argues that the act hinders the president's ability to manage the budget effectively.
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Trump, SoftBank CEO announces $100 billion investment in the USRooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.
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