Biden's $1.9 trillion Covid relief plan calls for stimulus checks, unemployment support and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Nancy Lazar, chief economist at Cornerstone Macro, discusses President-elect Joe Biden's economic proposal, and says the vaccine distribution is what will jumpstart economy.

on Thursday unveiled the details of a $1.9 trillion coronavirus rescue package designed to support households and businesses through the pandemic.

Increasing the federal, per-week unemployment benefit to $400 and extending it through the end of SeptemberExtending the eviction and foreclosure moratoriums until the end of September$170 billion for K-12 schools and institutions of higher education$20 billion toward a national vaccine program in partnership with states, localities and tribes

The plan is the first of two major spending initiatives Biden will seek in the first few months of his presidency, according to senior Biden officials. Senior Biden officials, who have been working on the stimulus plan for weeks, also confirmed that the president-elect still supports $10,000 in student debt forgiveness.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Your point is well taken. I'm in full agreement. This is going to be one great year.

horrible

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.