Biden Signs $1.9 Trillion Bill, Teeing Up Aid as Soon as Weekend

Bloomberg2021-03-12

President Joe Biden on Thursday signed the $1.9 trillion pandemic-relief bill into law, capping his first major legislative achievement and allowing aid to flow to tens of millions of individuals, ...

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精彩评论

RBeaver
2021-03-14
RBeaver
Good job
Stitch123
2021-03-12
Stitch123
[财迷]
SolidSnake
2021-03-12
SolidSnake
Hope the bill will boost the confidence of the market
- SolidSnake:
  Good luck to all
Cinnamoon
2021-03-12
Cinnamoon
No inflation if everyone spends it on stocks
Lailailai
2021-03-12
Lailailai
🤔
iSaac
2021-03-12
iSaac
Nice!! STONKS!!

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Congress sent the measure to Biden’s desk on Wednesday after the House passed it on a 220-to-211 vote along party lines. No Republicans supported the bill in the Senate, either.Biden said that large majorities of Americans “strongly support” the bill. “This historic legislation is about rebuilding the backbone of this country,” he said.Biden will hold a separate signing ceremony with congressional leaders Friday, Chief of Staff Ron Klain, said. White House Press Secretary Jen Psaki said that the event “will not be bipartisan.”By advancing the signing, Biden can promote the benefits of the new law during his prime-time address to the nation later Thursday to mark the one-year anniversary of the day the World Health Organization declared a pandemic, and Covid-19 restrictions began to send the U.S. into an economy-crushing lockdown.Psaki said that Americans will begin to see direct payments from the legislation “as early as this weekend.”Next PackageThe relief bill’s passage marked a significant political victory for the new president, who showed his command over a Democratic Party that controls Congress by razor-thin margins. 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Biden will travel to Georgia on Friday, where two Democrats were elected to the Senate in January in part on promises that Americans would receive $2,000 in direct relief payments.The new bill provides $1,400 to low- and middle-income families, adding to $600 included in stimulus legislation Congress passed in December.“It’s a place, also, close to his heart,” Psaki said, but emphasized that Georgia will only be the beginning of Biden’s travel to laud the legislation.The latest in global politicsGet insight from reporters around the world in the Balance of Power newsletter.EmailBloomberg may send me offers and promotions.Sign UpBy submitting my information, I agree to thePrivacy Policyand Terms of Service.Biden’s attention will now turn to a longer-term recovery package featuring infrastructure and climate measures that could cost trillions of dollars more -- a program he touted during his 2020 campaign as crucial to pull the U.S. out of its pandemic-triggered recession. 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State and local governments will get more than $360 billion, cash-strapped union pension funds get a rescue, schools are set to receive money to speed re-opening and funds will go to ramp up vaccinations.Democrats said the plan provides crucial relief, while Republicans blasted it for what they said was its excessive cost and focus on liberal priorities rather than direct pandemic assistance.The Biden administration and Democrats are launching a campaign to tout the bill, including events headlined by the president, vice president and cabinet secretaries, White House deputy chief of staff Jen O’Malley Dillon said in a Wednesday memo.Biden will visit the Philadelphia suburbs next Tuesday, while Harris plans to travel to Las Vegas and Denver on Monday and Tuesday, according to the White House. 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STONKS!!","listText":"Nice!! STONKS!!","text":"Nice!! STONKS!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328298967","repostId":2118936670,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":59,"commentSize":28,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2118936670"}