March 10, 2021
The American Rescue Plan Act, which Congress has passed and President Biden is expected to sign on March 12, will provide needed help to tens of millions of people, reduce high levels of hardship, help school districts address student learning loss, and bolster the economy.
The economy remains weak, the jobs recovery has lost momentum, and there are 9.5 million fewer jobs than in February of 2020. Black and Latino unemployment is 9.9 percent and 8.5 percent, respectively, well above the white unemployment rate of 5.6 percent which itself is too high. The economy won’t return to its full potential until 2025, the Congressional Budget Office projects; the number of people employed won’t return to pre-pandemic levels until 2024; and unemployment won’t fall below 4 percent until 2026.
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budget. the following day, wednesday, senate democrats will celebrate budget week by releasing their budget. there will be dueling budget proposals. appendix tables. what is not to love? the reason why i ve been looking forward to this budget week in particular, this republican budget in particular is this. we re committed to doing a budget and a ten-year plan to solve our budget crisis and to balance our budget. and, frankly, i think it s time for the senate and the white house to produce a budget that will balance over the next ten years. a balanced budget in just a decade. and, of course, the guy in charge of crafting the republicans house budget is paul ryan. congressman ryan is also the chairman of the house budget committee and the reason why it was so exciting to learn the republicans plan to balance the budget in ten years, is because this is way faster than paul
release of the house republican budget. the following day, wednesday, senate democrats will celebrate budget week by releasing their budget. there will be dueling budget proposals. appendix tables. what is not to love? the reason why i ve been looking forward to this budget week in particular, this republican budget in particular is this. we re committed to doing a budget and a ten-year plan to solve our budget crisis and to balance our budget. and, frankly, i think it s time for the senate and the white house to produce a budget that will balance over the next ten years. a balanced budget in just a decade. and, of course, the guy in charge of crafting the republicans house budget is paul ryan. congressman ryan is also the chairman of the house budget committee and the reason why it was so exciting to learn the republicans plan to balance the budget in ten years, is because