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Biden plan: massive support, equivalent to 9% of GDP

2021-02-26T19:50:16.266Z


US deputies were preparing to vote on Friday in favor of the massive plan supposed to help the US economy overcome the crisis. Yet some economists fear overheating.


The narrow Democratic majority in the House of Representatives was to give Joe Biden a first legislative victory on Friday.

The American deputies, anxious to advance very quickly the program of their president, were indeed preparing to vote in favor of the massive plan of 1900 billion dollars supposed to help America to quickly overcome the crisis caused by the pandemic.

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The text must then cross the Capitol to the Senate, which will send it back to the House.

Objective: promulgation of the text at the White House on March 14.

In the upper house, where the president's party has only a majority vote, that of Vice-President Kamala Harris, the bill risks being amended, at the margins, under the influence of a handful of centrist Democratic senators.

The Senate is already blocking the inclusion, in the text, of a campaign promise: the increase in the federal minimum hourly wage to $ 15.

With its planned envelope of $ 1.9 trillion, the Biden plan represents

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Source: lefigaro

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