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Aides said Mr. Biden will make the case that the additional spending and borrowing is necessary to prevent the economy from sliding into an even deeper hole. Interest rates are low, making debt more manageable. The aides spoke on condition of anonymity to describe the plan ahead of his speech on January 14 night. … [Read more...] about President-elect Joe Biden unveiling $1.9T plan to stem virus and steady economy

The President-elect is also nominating Shalanda Young, the top staff aide for the House Appropriations Committee, to serve as deputy director at the Office of Management and Budget and Jason Miller, who was deputy director of the White House National Economic Council in Obama’s administration, to serve as deputy director for management at the agency. … [Read more...] about U.S. President-elect Joe Biden picks familiar faces for top roles at FEMA, CIA

It includes USD 1,400 in additional stimulus cheques to Americans, an extension for key unemployment programmes from mid-March to the end of September and an increase in weekly additional unemployment assistance from USD 300 to USD 400 and increasing the federal minimum wage to USD 15 an hour over time. … [Read more...] about Biden announces USD 1.9 trillion COVID-19 stimulus plan to revive US economy

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