Biden says action on Covid-19 stimulus needed 'now' | Inquirer News

Biden says action on Covid-19 stimulus needed ‘now’

/ 07:38 AM January 30, 2021

Biden Covid-19

U.S. President-elect Joe Biden delivers remarks on the U.S. response to the coronavirus disease (COVID-19) outbreak, at his transition headquarters in Wilmington, Delaware, U.S., December 29, 2020. REUTERS/Jonathan Ernst/File Photo

WASHINGTON  -U.S. President Joe Biden said on Friday that Congress needs to take immediate action on his $1.9 trillion Covid-19 relief proposal, adding that most economists believe additional economic stimulus is needed.

“We have to act now,” Biden told reporters at the White House. “There is an overwhelming consensus among economists … that this is a unique moment and the cost of inaction is high.”

ADVERTISEMENT

The president later said he supported passing Covid-19 relief with or without Republican help.

FEATURED STORIES

“I support passing Covid relief with support from Republicans, if we can get it. But the COVID relief has to pass with no ifs, ands or buts,” Biden said.

Biden spoke as Democrats who lead the U.S. Senate and House of Representatives prepared to take the first steps next week toward delivering fresh assistance to Americans and businesses reeling from a pandemic that has killed more than 433,000 people.

Congress enacted $4 trillion in Covid-19 relief last year.

On Thursday, Senate Majority Leader Chuck Schumer said the sharply divided chamber would begin work on robust legislation next week, despite misgivings among Republicans and some Democrats about the size of Biden’s proposal.

With the 100-seat Senate split 50-50 and Vice President Kamala Harris wielding the tie-breaking vote, Democrats are preparing to use a parliamentary tool called “reconciliation” that would allow the chamber to approve Covid-19 relief with a simple majority. Because of Senate rules, legislation usually requires 60 votes to pass in the chamber.

“There is no time for any delays,” Biden said on Friday. “We could end up with 4 million fewer jobs this year … It could take a year longer to return to full employment if we don’t act and don’t act now.”

ADVERTISEMENT

House Speaker Nancy Pelosi predicted on Thursday that both chambers of Congress would be ready to move forward through reconciliation by the end of next week.

gsg
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link.

TAGS: COVID-19, Joe Biden

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.