27 Jan 2023, 1:55 AM (GMT)

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HeadlinesInternational Politics

Biden Unveils A $1.9 Trillion Stimulus Plan

United State President-elect Joe Biden on Thursday introduced his plan for a $1.9 trillion economic rescue package, seeking to combat the economic and health crises stemming from the pandemic.

“The very health of our nation is at stake,” Biden said in a major speech in Delaware. He added the giant scale of assistance he wants to provide “does not come cheaply, but failure to do so will cost us dearly.”

The emergency spending package would provide another infusion of federal aid for families, businesses, and local governments confronting a surge of cases and a weakening economy. 

Thousands of Americans are still dying from the virus each day nearly a year into the pandemic and infections continue sweeping the nation.

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Biden’s proposal, called “The American Rescue Plan,” contains:

Federal unemployment programs for gig workers, freelancers, and people who exhausted their state benefits would also be extended to September. Adult dependents and mixed-status families would also qualify for the fresh round of stimulus payments.

The president-elect also set aside a federal pot of money to launch a universal vaccination program, which he said was a pivotal step to restore the health of the US economy.

“We will move Heaven and Earth to get more people vaccinated,” Biden said.

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