United States President-elect Joe Biden plans to roll out an economic stimulus package worth trillions of dollars on Thursday that includes relief for unemployed Americans and rent forbearance for tenants.
The president-elect said Friday’s dismal jobs report — which saw the economy shed 140,000 jobs in December — makes it clear that Americans need more immediate and direct relief from the coronavirus pandemic and that taking action now will help the economy even with deficit financing.
Biden, a Democrat, said the bipartisan COVID-19 relief package passed by Congress in December was a very important step, but amounted to just a “down payment” on broader efforts needed to help Americans. The package included $600 cheques, but Biden wants the amount increased to $2,000
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Biden plans stimulus aid worth trillions, pushes $2,000 cheques | Business and Economy News | Al Jazeera
