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  • mhm U.

  • S president elect Joe Biden unveiled a nearly $2 trillion cove in 19 relief plan on Thursday, urging lawmakers to act fast and jump start an economy pummeled by the pandemic.

  • Crisis of deep human suffering is in plain sight.

  • There's no time to waste.

  • We have to act.

  • We have to act now.

  • The aid package includes some $1 trillion in direct relief toe households and roughly $440 billion for small businesses and communities particularly hard hit by the crisis for the unemployed.

  • Benefits would increase from 300 to $400 a week and a pause on evictions and home repossessions would be extended until September.

  • Biden also pledged to vaccinate 100 million Americans in his 1st 100 days in office.

  • His plan stands in sharp contrast to Trump, who spent the last few months focusing on undermining Biden's election victory instead of controlling the pandemic.

  • I know what I just described does not come cheaply.

  • Failure to do so will cost us dearly.

  • The consensus among leading economists is we simply can not afford not to do what I'm proposing.

  • But Biden is likely to face challenges from congressional Republicans, who have balked at the rising price tag for further Covic relief.

  • That includes the proposal of adding $1400 in direct payments for all Americans on top of the $600 payments that were handed out in the last relief bill passed in December.

  • But Biden will be helped by fellow Democrats now controlling both chambers.

  • He must now try to pass the stimulus legislation even as Trump faces an impeachment trial, which threatens to loom over the beginning of his term.

  • Transition officials say Biden's plan will be followed up with another recovery package in the coming weeks, which will include funds to help with rent and utilities mhm.

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