Biden Seeks Rapid Economic Aid for Millions With Big Covid Stimulus at Risk

by 24USATVJan. 23, 2021, 2:50 p.m. 34
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President Joe Biden will mark his third day in office with executive actions to boost food assistance for impoverished Americans and use federal contracts as a step toward his proposed nationwide minimum-wage hike, seeking immediate help for an economy struggling to cope with Covid-19. The executive actions Biden is set to sign Friday at the White House also include a restoration of rights for federal workers that were stripped by his predecessor Donald Trump. While consequential for those affected, the measures offer a shadow of the relief included in Biden’s $1.9 trillion Covid-19 aid plan. That package faces challenges in Congress after moderate Republicans this week said they saw no need to rush on another big spending bill after last month’s $900 billion effort. GOP members including Todd Young of Indiana and Roy Blunt of Missouri said Biden’s plan was a “non-starter,” though they favored looking at the vaccine-funding component. “These actions are not a substitute for comprehensive legislative relief but they will provide a critical lifeline to millions of familes,” Brian Deese, director of the White House National Economic Council, said at a briefing Friday. “Our economy is at a very precarious moment” and it’s one that requires decisive action.” Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake

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