Biden: 'Price tag will be high' for next COVID-19 bill

Biden: 'Price tag will be high' for next COVID-19 bill

President-elect Joe Biden said he will lay out an economic package in the trillions of dollars, including increased direct payments for taxpayers.

“We need more direct relief flowing to families, small businesses, including finishing the job of getting the people $2,000 in relief,” Biden said in remarks Friday in Wilmington, Delaware. Biden said he would detail his plan next Thursday, again calling the package Congress passed at the end of the year “a down payment.”

The president-elect said that “the price tag will be high” for the next coronavirus bill.

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The jobs report on Friday showed the U.S. labor market lost jobs in December for the first time since April, as coronavirus cases took an increased toll on many businesses.

“In many ways, the jobs report is a pandemic report,” Biden said, pointing to a “deepened” economic crisis he said reminded him of taking office during the 2009 Great Recession.

“We’re going to get through this,” Biden

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