¿Debemos preocuparnos por los niveles de endeudamiento público? - Columnistas - Opinión eltiempo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eltiempo.com Daily Mail and Mail on Sunday newspapers.
Now that the Senate has decided to avoid the pesky issue of calling witnesses in an impeachment trial, Congress will get back (after the break) to legislative business, and the first order of business will be President Joe Biden’s $1.9 trillion (with a T) “American Rescue Plan.” Congress got the ball rolling on the plan when both chambers passed a 2021 budget resolution instructing various committees to come up with their respective pieces of a final bill that would include up to $1.9 trillion in new spending and revenue loss (tax cuts). Those bills were released late last week, so this will not be a deep dive into every little detail (thank goodness). Instead, today we’ll focus on the bigger picture, including the debate that’s erupted about the plan’s size, timing, and effects, and try to answer one simple question: “what, exactly, are we rescuing here?”
Over the last couple of weeks, we've heard much chatter about how Democrats are applying lessons learned from the 2009 stimulus package to crafting the $1.9T COVID relief plan. Overall, most Democrats agree that they didn't pump enough money into the economy, which meant a longer and less robust recovery.
President Biden is seeking to rally support for his $1.9 trillion aid package.Credit.Kevin Lamarque/Reuters
President Biden met with business leaders at the White House on Tuesday as part of his push to rally support for the $1.9 trillion pandemic package being debated in Congress and his plan to raise the minimum wage.
Mr. Biden, Vice President Kamala Harris and Treasury Secretary Janet Yellen met with the chief executives of Walmart, Gap, Lowe’s and JPMorgan Chase, as well as Thomas J. Donohue, the outgoing head of the U.S. Chamber of Commerce.
Over the course of about 90 minutes, the group discussed the minimum wage, expanding the use of earned-income tax credits, and other ways to help stimulate the economy, according to a person with knowledge of the conversation.
Liberal economists agree on more pandemic aid Just not how much or how soon nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.