Joe Biden Announces $1.9 Trillion COVID-19 Economic Package
President-elect Joe Biden on Thursday unveiled a whopping $1.9 trillion economic recovery plan for digging out of the coronavirus-fueled economic downturn that he’ll pitch to Congress as one of his first acts as commander in chief.
The big-spending bailout, which he’s calling the American Rescue Plan, proposes $1,400 checks for most Americans, an extension of the eviction and foreclosure moratorium until September and a national vaccination program as local distribution rates continue to fall short.
Republicans in Congress who vociferously opposed a similar $2.2 trillion bailout pushed by House Democrats in October are likely to raise objections to Biden’s package, too.
Read More at the New York Post
