Saturday, March 6, 2021

Joe Biden to unveil $ 1.9 trillion stimulus package

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The future president Joe Biden will unveil, Thursday evening, January 14, a plan to help the economy totaling 1,900 billion dollars (1,563 billion euros) that he wants to vote immediately and which includes direct checks of $ 1,400 to families, two senior officials said.

The officials, who requested anonymity, also clarified that the Biden administration would ask to pass a minimum wage of $ 15 an hour, just over double what is currently paid federally. . This plan is ambitious but achievable, they judged.

In addition, these aids, presented as emergency measures, will be supplemented ” in the next weeks “ through an innovative investment plan aimed at economic recovery.

Assistance of 350 billion dollars to local communities

The economic recovery plan includes aid amounting to $ 350 billion to states and local communities, whose finances have suffered greatly from the Covid-19 pandemic, two senior officials said under cover of anonymity.

This proposal risks arousing the ire of Republicans in the Senate, who had blocked at the end of 2020 any economic support plan including funds for municipalities.

It is likely to complicate the adoption of the Biden plan because the Democrats have a very narrow majority in Congress.

The World with AFP

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