There has been a reluctance by both parties to intervene too deeply for decades.
It will power the economy out of the “start again, stop again” phase, White House economic adviser says.
“It’s just terrible to waste this money.”
“We expect the resources here to really fuel a very strong economic recovery.”
The U.S. economy created more jobs than expected in February.
The reports followed on the heels of news last week that retail sales increased by the most in seven months in January.
“The economy is a long way from our employment and inflation goals.”
Part of the increase in claims could be related to the temporary closure of automobile plants.
“We have inflation, we are seeing inflation, we are concerned about inflation.”
“For me, in the darkest moments, faith provides hope and solace, provides clarity and purpose as well.”
“I think we know what those needs are and we need to act forcefully.”
Biden campaigned last year on a promise to take the pandemic more seriously than President Trump.
The economy is unlikely to slide back into recession after the government approved additional pandemic relief in late December.
U.S. Congress over the weekend struck a deal on another pandemic aid package.
“While the deal is months late and will likely fall short of what is needed to prevent a rough winter, it’s better than nothing.”
“This is a very, very fast way of getting money into the economy.”
“We obviously want to get people back to work.”
“It would be – what I call – stupidity on steroids if Congress doesn’t act.”