joe biden ask kamala harris. the most progressive legislation in a generation. one of the most sweeping federal recovery efforts in history. the exexpansion of the child tax credit that s going to cut in half childhood poverty. it demonstrates a government that s working for the people. the bill is amended is passed. [ applause ] that s what it sounds like. today president biden back out at work touring a medical center distributing vaccines to veterans. the landmark bill is the first major legislative victory of the biden era. about $2 trillion. the house expected to vote on wednesday. they are racing so it will get president biden s signature before any unemployment benefits would expire in mid-march. it includes $1400 stimulus checks, expanded unemployment benefits, another $50 billion for loans for small businesss around the nation, $14 billion for vaccine distribution, a large program that supports children, more on that part tonight. and these checks are sla
This ten-year exexpansion, righ coming to an end. reporter: there is no doubt that economies around the world are showing signs of slowing. you look at japan, germany, their most recent quarter there was contractions. you talk about the chinese economy. that is showing a slow down as well. it is why all the focus right now is on central banks, especially here in the u.s. but also around the world because what you are seeing the banks do is unwind these easy money policies, so they are tightening monetary policy which by definition slows down economy, so you are seeing signs of this happen around the world and it is why that focus is really on the fed today and tomorrow. tomorrow the fed is expected to raise rates another quarter of a percentage point. that s not the news. the news is going to be what is the chairman going to say about inflation? what is the chairman going to say about the economy? what is the chairman going to say about the strategy for those ratings beginning next y