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MNI BRIEF: Biden To Offer Outline of Fiscal Package Next Week

WASHINGTON (MNI)

U.S. President-elect Joe Biden said Friday he will sketch out another economic relief package next week, saying the latest report showing a job loss makes it more urgent.

The Delaware Democrat said his package will include small business aid; additional money for USD2,000 direct checks; billions for vaccine distribution; extension of weekly unemployment benefits; and additional aid to states. Investors predict a package could be USD900 billion.

"The jobs report shows we need to provide more immediate relief for working families and businesses now, now. Not just to get to the other side of this painful crisis but for a larger purpose to avoid a broader economic cost that exists out there," he said.

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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