Biden's new round of incentives fails talks with Capito-led group

According to market news in the US, Joe Biden has launched a new round of stimulus talks with Shelley Moore Capito, junior US senator, and her team.

The new stimulus round, which focused on investment in infrastructure, education, workforce development and climate change, was original at $ 2.25 trillion. However, in order to secure the support of a majority of the Senate, Biden subsequently scaled down the scale to $ 1.7 trillion.

The conversation between Biden and Shelley Moore Capito on June 8 was seen as an important milestone for the stimulus, but it was still difficult for both of them to reach consensus.