Biden to unveil sweeping economic rescue package

Biden to unveil sweeping economic rescue package

President-elect Joe Biden will outline his sweeping economic rescue package in a prime-time speech in Wilmington, Del., on Thursday evening.

The package, which will be at the top of Biden’s legislative agenda as he takes office amid an ongoing pandemic, includes a commitment to $1,400 direct stimulus checks and has an estimated price tag in excess of $1.4 trillion, Reuters reported Thursday.

Biden will also make a large push to fund COVID-19 vaccinations and get them into the arms of Americans as distribution efforts continue to fall far short of what health experts and officials had anticipated.

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The economy is still in a downward trend and last week’s job report showed conditions are actually worsening. The US shed 140,000 jobs in December, while another 965,000 Americans filed for unemployment last week.

The president-elect will use Thursday’s address to call on members of Congress in both parties to back his agenda and pass the package as the health crisis continues

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