US President-elect Joe Biden’s (pictured) proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession.
Analysts had already begun marking up their forecasts for economic growth this year after last week’s elections in Georgia delivered control of both houses of Congress to Democrats. Many, though, had pencilled in smaller packages, more along the lines of the $892 billion stimulus passed in December.
The incoming Democratic administration’s proposed package provides targeted aid that economists
Analysts had already begun marking up their forecasts for economic growth this year after last week’s elections in Georgia delivered control of both houses of Congress to Democrats. Many, though, had pencilled in smaller packages, more along the lines of the $892 billion stimulus passed in December.
The incoming Democratic administration’s proposed package provides targeted aid that economists