Biden pushes economic aid plans, dismissing inflation fears
Despite better-than-expected jobs, administration officials insisted that millions of workers needed the help of the proposed $ 1.9 trillion stimulus package.
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| USA Biden pushes economic aid plans |
President Biden continued the pressure of his case on Friday for his stimulus plan, after reports of stronger-than-expected work. Credit ... Al Drago for The New York Times.
WASHINGTON - Some economists, Republican lawmakers and Wall Street businessmen are raising growing concerns about a ৯ 1.9 trillion aid package as Congress passes and the pace of vaccination: the economy is still recovering from its debilitating epidemic. Can
WASHINGTON - Some economists, Republican lawmakers and Wall Street businessmen have raised growing concerns about a ৯ 1.9 trillion aid package to speed up vaccination as Congress passes: the economy is still recovering from its weakest pandemic.
The president and his aides said there is still a long way to go to ensure the flow of recovery to workers most affected by the epidemic, who are mainly men and women of color.
Passing President Biden's recovery plan, they said, remained essential for a complete and just recovery.
General Jones, chief economist at the Department of Labor, said in an interview: “Black workers are still facing an economic crisis. "While these workers are still facing economic catastrophe, we can't talk about recovery and getting rid of gas."
Mr Biden continued his case at the White House this afternoon to hold meetings with top economic advisers for a full $ 1.9 trillion plan and then hold a roundtable discussion to build support for the plan.
"Today's work report shows that there is an urgent need for an American rescue plan," he told reporters before beginning a meeting with the president's aides. He said the job gains in February were probably due to the $ 900 billion relief bill passed by Congress and President Donald Joy.
“We can’t go one step forward and two steps back,” Mr Biden said.
In the Senate, lawmakers began voting on the shake-up of the bill, which could pass as soon as Saturday. Democrats tried to find a deal on last-minute tweets in the law to appease centralists in their caucuses.
Republicans on Capitol Hill have put up arms against the bill. Some senators have said they oppose Biden's plan, fearing it will cost too much money to recover.
Biden's plan "risks a sharp warming of the already recovering economy," Ohio Republican Senator Rob Portman said in the Senate floor this week, "causing high inflation, hurting middle-class families and threatening long-term growth."
Mr Portman has raised inflation concerns in recent weeks by Harvard economist Lawrence H. Summers, the Treasury Secretary under President Bill Clinton, and President Barack Obama's top economic aide. In an email to reporters this week, a colleague of Republican leader Kentucky Senator Mitch McConnell cited reports of fears of rising U.S. inflation among top British officials.
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