What does Bitcoin have to do with roads and bridges? A lot right now in the US Congress. One way lawmakers propose to pay for the USD 1 trillion infrastructure bill the Senate approved on Tuesday is by imposing tax-reporting requirements for cryptocurrency brokers, the way stockbrokers report their customers’ sales to the IRS. It could open the way for tighter regulation of cryptocurrency something the Biden administration is moving toward as it also pushes for tax compliance.

Two Federal Reserve officials said on Monday that the US economy is growing rapidly and that while the labour market still has room for improvement, inflation is already at a level that could satisfy one leg of a key test for the beginning of interest rate hikes.

When economies across the world plunged, China underwent a period of spurt in growth. It is now slowing down.

The US Senate on Tuesday passed a USD 1 trillion infrastructure package that is a top priority for US President Joe Biden, a bipartisan victory for the White House that could provide the nation's biggest investment in decades in roads, bridges, airports and waterways. The vote was 69-30 in the 100-seat chamber, with 19 Republicans voting yes.