Updated on: January 15, 2021 / 9:26 AM / CBS NEWS Biden s relief bill is right on the mark, economist says
President-elect Joe Biden on Thursday unveiled his $1.9 trillion coronavirus economic relief package, an ambitious plan that includes a drive to vaccinate 100 million people in his first 100 days in office. Meanwhile, President Trump s post-presidency future remains unclear as he faces a trial in the Senate although Majority Leader Mitch McConnell said the Senate would not reconvene before January 19, the day before Mr. Trump leaves office.
Speaking from Wilmington, Delaware, Mr. Biden announced what could be the signature legislation of his first 100 days. It s expensive legislation with three major targets: $400 billion for arresting the spread of COVID-19 and increasing vaccine capabilities; over $1 trillion to assist families needing direct financial support; and $440 billion in emergency funds for cash-poor small businesses and communities.