10 things you need to know today: November 16, 2021

Biden signs the trillion-dollar infrastructure bill, Bannon faces contempt charges but vows to fight, and more

President Joe Biden signs the Infrastructure Investment and Jobs Act
President Joe Biden signs the Infrastructure Investment and Jobs Act
(Image credit: Alex Wong/Getty Images)

1. Biden signs bipartisan infrastructure bill into law

President Biden on Monday signed the more than $1 trillion bipartisan infrastructure bill. The package was pared down from Biden's original proposal to spend $2.3 trillion to upgrade the nation's roads, bridges, ports, power lines, and broadband internet, but Biden said the version that passed showed that Republicans and Democrats can work together for the good of the nation. "America's moving again, and your life's going to change for the better," Biden said, promising that the upgrades would help America compete with China and other nations in emerging industries. The law contains $550 billion in new funds, including $66 billion for Amtrak and other rail lines, $65 billion for broadband, $47 billion for responding to wildfires and increasingly frequent storms, and $7.5 billion for electric-vehicle charging stations.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.