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The Economy May Get a Shot in the Arm, But Won’t Recover Easily
Republicans release details of their scale-down pandemic relief plan. It includes $160 billion for pandemic response, $132 billion in extended unemployment benefits, and additional $1,000 direct relief payments, phasing out starting at $40,000 for singles and $80,000 for joint filers. The whole package costs an estimated $618 billion one third the size of President Biden’s plan.
Talking pandemic relief. Last night, Biden and ten GOP senators met to discuss options for the pandemic-relief package
. One Republican, Maine’s Susan Collins, called it a “frank and very useful discussion” but said no deal was reached