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Biden plans many trillions in new relief package
Biden Assembling Multi-Trillion-Dollar Stimulus Plan with Checks, Unemployment Aid
By Jeff Stein, Erica Werner, and Mike DeBonis
Friday, January 8, 2021
President-elect Joe Biden said today he is assembling a multi-trillion-dollar relief package that would boost stimulus payments for Americans to $2,000, extend unemployment insurance, and send billions of dollars in aid to city and state governments, moving swiftly to address the nation's deteriorating economic condition and the rampaging pandemic.
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The package will also include billions of dollars to improve vaccine distribution and tens of millions of dollars for schools, as well as rent forbearance and assistance to small businesses, especially those in low-income communities, Biden said at a news conference in Wilmington, Del.
"We need to provide more immediate relief for families and businesses now," Biden said.
"The price tag will be high," he said, adding, "The overwhelming consensus among leading economists left, right, and center is that in order to keep the economy from collapsing this year, getting much, much worse, we should be investing significant amounts of money right now." ...
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