Biden to unveil new Covid stimulus plan, hopes for bipartisan support – CNBC

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The president-elect has for months said passing Covid-19 relief and supporting Americans through recent economic hardship will be his No. 1 priority when he takes the oath of office on Jan. 20.

Friday’s jobs report, which showed that employers shed 140,000 jobs last month, has added to the sense of urgency, though those losses came before December’s $900 billion relief bill became law. Covid-19 has killed more than 380,000 Americans, according to CNBC’s analysis of data from Johns Hopkins University.

Sen. Chuck Schumer, D-N.Y., soon to be the chamber’s majority leader, echoed that need for speed in a letter to colleagues on Tuesday.

“As you know from our work at the end of the last Congress, the job of COVID emergency relief is far from complete,” Schumer wrote. “As soon as the new Senate is organized and Vice-President [Kamala] Harris has been sworn in, we will immediately set to work to deliver on that goal.”

While a handful of Republicans, such as Sen. Rand Paul of Kentucky, opposed last month’s $900 billion stimulus bill as wasteful, Biden’s bipartisan aspirations may not be out of reach in the wake of the violent, pro-Trump riot on Capitol Hill on Jan. 6.

The unrest, which lead to at least five deaths, has sparked a wave of bipartisanship at the Capitol and led to calls for President Donald Trump’s removal from both sides of the political aisle.

Source Article from https://www.cnbc.com/2021/01/13/covid-stimulus-update-biden-to-unveil-new-plan-hopes-for-bipartisan-support.html

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