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Biden Set to Call for Big Spending on Stimulus and Vaccines

  • January 14, 2021

WASHINGTON — President-elect Joseph R. Biden Jr. on Thursday is expected to outline proposals for trillions of dollars in government spending to combat the coronavirus pandemic and its effects on the economy, with an initial focus on large-scale expansions of the nation’s vaccination program and virus testing capacity.

Mr. Biden will detail his plans, which he and his economic team have been honing for weeks, in an evening speech in Delaware. The efforts will cover the pandemic, the economy, health care, education, climate change and other domestic priorities, Brian Deese, the incoming director of the National Economic Council, said at the Reuters Next conference on Wednesday. Top Democrats in Congress have said in recent days that they are preparing for the efforts to span two bills.

“At this moment the president-elect feels that we need to move aggressively on both rescue and recovery,” Mr. Deese said.

Money to complete $2,000 direct payments to individuals and aid to small businesses and local and state governments, components that Mr. Biden has stressed in recent weeks, will be part of the initial package, Mr. Deese said. Others briefed on Mr. Biden’s thinking said he would also call for the first piece of legislation to include an extension of supplemental federal unemployment benefits, which are set to expire in March for many workers, and more help for renters.

Article source: https://www.nytimes.com/2021/01/14/business/biden-economy.html

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