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Biden presses the need for seeing US job market at full employment sooner
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U.S. President Joe Biden Friday gave the clearest indication yet he may put the size and speed of fiscal relief over Republican votes, saying the next fiscal package should be "big" and passed as soon as possible.
"Are we going to say to millions of Americans who are out of work, let's delay and go smaller?" Biden asked. "That's the Republican answer right now. I can't in good conscience do that." Former Republican and Democratic aides have told MNI that using a so-called budget reconciliation process to avoid needing Republican support in the Senate could increase the size of the final package by several hundred billion dollars.
Biden, who spoke hours after a disappointing jobless report, also pressed the need to see relief so that full employment could be reached sooner. A CBO analysis released earlier in the week projected employment won't dip below full employment until 2025.