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Biden Presser Expected


Worth keeping in mind there is a tentative presser from U.S. President Elect Biden at 0015GMT/0815HKT to discuss fiscal package among other topics;

  • Biden will deliver remarks on the public health and economic crises in Wilmington, Delaware. He will outline his vaccination and economic rescue legislative package to fund vaccinations and provide immediate, direct relief to working families and communities bearing the brunt of this crisis and call on both parties in Congress to move his proposals quickly.

Some of the details of the plan were outlined earlier and includes:

  • Direct payments of $1,400 to most Americans, bringing the total relief to $2,000 including December's $600 payments
  • Increasing the federal, per-week unemployment benefit to $400 and extend it through the end of September
  • Increasing the federal minimum wage to $15 per hour
  • Extending the eviction and foreclosure moratoriums until the end of September
  • $350 billion in state and local government aid

Officials say this is the first of two fiscal bills Biden will try and push through in the opening months of this presidency, the second bill is expected in February and is expected to address structural issues in the US.

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