President-elect Joe Biden, here getting his second dose of Covid-19 vaccine Monday, wants to give the economy a multitrillion-dollar shot in the arm.
Photo: Alex Wong/Getty Images
President-elect Joe Biden says he plans to detail Thursday the first major legislation of his incoming administration: a massive new stimulus and relief package meant to address the continuing economic fallout from the Covid-19 pandemic.
Mr. Biden has called the $900 billion relief plan Congress passed three weeks ago a mere “down payment” on what is needed. Here’s what we know about the new administration’s emerging plan:
“It will be in the trillions of dollars,” Mr. Biden said Friday, arguing that more spending sooner will reduce the long-term economic damage