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Title : Biden To Propose Massive $2 Trillion Stimulus
link : Biden To Propose Massive $2 Trillion Stimulus
Biden To Propose Massive $2 Trillion Stimulus
U.S. President-elect Joe Biden speaks to reporters following an online meeting with members of the National Governors Association (NGA) executive committee in Wilmington, Delaware, U.S., November 19, 2020. REUTERS/Tom Brenner
(CNN)President-elect Joe Biden is expected to unveil a major Covid-19 relief package on Thursday and his advisers have recently told allies in Congress to expect a price tag in the ballpark of $2 trillion, according to two people briefed on the deliberations.
The Biden team is taking a "shoot for the moon" approach with the package, one lawmaker in close contact with them told CNN, though they added that the price tag could still change.
The proposal will include sizable direct payments to American families, significant state and local funding -- including for coronavirus vaccine distribution and other emergency spending measures -- to help those struggling during the pandemic.
Biden is set to announce the details of his plan in Wilmington, Delaware, Thursday evening.
Read more ....
Update: Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus (Zero Hedge)
WNU Editor: I just noticed this story this evening. In a normal situation this would be the top story of the day. Not today. And here is an easy prediction. This $2 trillion number is only going to increase. This is how you destroy your country's currency.
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U.S. President-elect Joe Biden speaks to reporters following an online meeting with members of the National Governors Association (NGA) executive committee in Wilmington, Delaware, U.S., November 19, 2020. REUTERS/Tom Brenner
(CNN)President-elect Joe Biden is expected to unveil a major Covid-19 relief package on Thursday and his advisers have recently told allies in Congress to expect a price tag in the ballpark of $2 trillion, according to two people briefed on the deliberations.
The Biden team is taking a "shoot for the moon" approach with the package, one lawmaker in close contact with them told CNN, though they added that the price tag could still change.
The proposal will include sizable direct payments to American families, significant state and local funding -- including for coronavirus vaccine distribution and other emergency spending measures -- to help those struggling during the pandemic.
Biden is set to announce the details of his plan in Wilmington, Delaware, Thursday evening.
Read more ....
Update: Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus (Zero Hedge)
WNU Editor: I just noticed this story this evening. In a normal situation this would be the top story of the day. Not today. And here is an easy prediction. This $2 trillion number is only going to increase. This is how you destroy your country's currency.
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