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'No time to waste': Biden unveils $1.9tn coronavirus stimulus package

Joe Biden has unveiled a $1.9tn coronavirus relief proposal, aimed at urgently combating the pandemic and the economic crisis it has triggered. As the US faces its deadliest stage of the pandemic, Biden described the moment as “a crisis of deep human suffering”.

The ambitious, wide-ranging plan includes $160bn to bolster vaccination and testing efforts, and other health programs and $350bn for state and local governments, as well as $1tn in relief to families, via direct payments and unemployment insurance.

“There’s no time to waste,” Biden said. “We have to act and we have to act now.”

Details of the aid package had been released by Biden’s transition team earlier on Thursday.

If adopted, the proposal would tack on $1,400 to the $600 in direct payments for individuals that Congress approved most recently. “We will finish the job of getting a total of $2,000 in relief to people who need it the most,” Biden said.

Supplemental unemployment insurance would also increase to $400 a week from $300 a week and would be extended to September.

“During this pandemic, millions of Americans, through no fault of their own, have lost the dignity and respect that comes with a job and a paycheck,” Biden said on Thursday, speaking from Wilmington, Delaware. “There is real pain overwhelming the real economy.”

Biden ran on the promise that he would deliver Americans through the coronavirus crisis, and more recently has pledged to ramp up vaccination efforts, and oversee the administering of 100m covid-19 jabs during his first 100 days.


Source: US Politics - theguardian.com


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