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Triumphant Joe Biden secures $1.9trn bailout rescue deal
Keywords: Biden $1.9 Trillion Aid Package,
President Biden gets his $1.9 trillion aid package through the U.S. Congress with 220 votes for and 211 against. All Democrats except one voted in favor and all Republicans voted against. Earlier the $15 minimum wage was dropped from the bill to get it through the Senate. Also kept were income criteria to prevent the $1400 check to individuals in households going to the most affluent income earners. The Senate vote was close - 50 to 49 in a party line vote. The Biden aid package comes on top of earlier aid under president Trump in 2020. This aid is likely to provide enough stimulus to the US economy to restore growth to levels that were there before the pandemic hit.
Biden $1.9 trillion aid and US economic rebound by 2022
03/11/2021
The Biden aid package for $1.9 trillion, with over 50% going to ordinary Americans hit hardest by the coronavirus, leads to new optimism about an American economic rebound. The package cleared the US Congress on March 10, 2021. By the end of 2022 the OECD forecast is for a US economy that is larger than forecast before the pandemic.
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