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Biden Unveils $1.9 Trillion Covid-19 Plan for Economic Relief
Posted
January 15, 2021
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25:09Now PlayingPresident-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to turn the tide on the pandemic, speeding up the vaccine rollout and providing financial help to individuals, states and local governments and businesses struggling with the prolonged economic fallout.
Called the “American Rescue Plan,” the legislative proposal would meet Biden's goal of administering 100 million vaccines by the 100th day of his administration, while advancing his objective of reopening most schools by the spring.
On a parallel track, it would deliver another round of aid to stabilize the economy while the public health effort seeks the upper hand on the pandemic, aides said.
It includes $1,400 checks for most Americans, which on top of $600 provided in the most recent COVID-19 bill would bring the total to the $2,000 that Biden has called for.
The plan would also extend a temporary boost in unemployment benefits and a moratorium on evictions and foreclosures through September.
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