Bloomberg News
@Bloomberg-News·2.8M subscribers·40.1K videos
Biden Says U.S. in Position to 'Move Big' on Recovery
Posted
February 9, 2021
Views
15,538
Likes
151
Comments
384
Engagement
3.44%
February 9, 2021
15,538
151
384
3.44%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
2:05Now PlayingPresident Joe Biden meets with business leaders at the White House to discuss 'the critical need for the American Rescue Plan to save the economy.'
Vice President Kamala Harris and Treasury Secretary Janet Yellen also joined Biden to the Oval Office meeting on Tuesday.
Biden put forth a $1.9 trillion coronavirus relief plan as an immediate response to the pandemic but faces a tough battle getting it passed on Capitol HIll.
Democrats have only narrow House and Senate majorities.
Republican opposition to the plan could be unanimous, Democrats will have to balance party moderates who worry about a package going too far and progressives eager to push Biden as far leftward as they can.
In one potential battleground within the party, the Ways and Means Democrats proposed limiting the full $1,400 relief payments to individuals making $75,000 or less, and phasing them out until they end completely at $100,000.
Couples who make up to $150,000 would be entitled to $2,800 relief payments, which would gradually diminish and fully disappear for those earning $200,000.
The income levels at which people qualify for the direct payments has caused rifts among Democrats, with moderates arguing that relief should be more narrowly targeted to people most in need. Biden has said he will not allow the per-person payments to fall below $1,400 but has indicated flexibility on the income thresholds.
The coronavirus pandemic has killed over 460,000 Americans while the economy has lost 10 million jobs since the crisis began last year.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
