The fiscal times
Biden calls on Congress to work quickly on Covid Relief, and will not act without GOP
President Biden said the economy urgently needed more support and urged lawmakers Friday to move quickly to approve his $ 1.9 billion Covid relief bill. “We need to act now,” Biden told reporters as he met with newly-appointed finance minister Janet Yellen in the Oval Office. ‘There is an overwhelming consensus among economists, left, right and center, that this is a unique moment in this crisis. The cost of inactivity is high and it is increasing every day. Biden said more spending would now help the economy work faster. “We need to make these investments so that the economy can grow for the rest of this year and next year,” he said. ‘Investments now will help the economy grow. It will not, in fact, harm the economy … it will do the exact opposite. ‘Yellen, referring to a “large amount of pain in the economy at the moment,” said the case for more support is clear. “Economists agree that if there is no more help, many more people will lose their small businesses, roofs over their heads and the ability to feed their families. “We need to help those people before the virus is brought under control,” she said. I want to emphasize that the president is absolutely right, “Yellen added. The price of doing nothing is much higher than the price of doing something. and do something big. We need to act now, and the benefits of acting now and acting big will outweigh the costs in the long run. “A generational threat: the failure to succeed quickly can make it harder to reopen schools,” Biden said, jeopardizing the potential earning potential of young people. “Biden said.” The choice could not be clearer. We have learned from crises in the past: the risk is not too much, the risk is not enough. “Psaki invites Republicans to board: Jen Psaki, White House press secretary, reiterates that Democrats are moving too fast and threatening to continue without dual support. Reconciliation, which enables Democrats to do so with just 51 “This bill must be twofold,” Psaki said in a press release. “74% of the U.S. public. If this bill continues through the reconciliation process, it does not mean they can not vote for it.” will ask for the right to relief: In his first days in office, Biden has signed a remarkable number of executive actions – eventually 42 – that address a wide range of issues, but he plans to address legislation next week by Congress., NBC News reported Friday, his main focus being on Covid’s relief package, and he has already begun calling on key Republicans to lobby for the bill, including Ma. Susan Collins of Ma. ine and Rob Portman of Ohio. House says, “I support Covid relief with Republican support if we can get it,” Biden said Friday. “But the Covid enlightenment must pass, there are no aspects, and or not.” Like what you read? Subscribe to our free newsletter.