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USA: Biden unveils COVID 'rescue and recovery' plan to steady economy03:52

USA: Biden unveils COVID 'rescue and recovery' plan to steady economy

United States, Wilmington
January 15, 2021 at 01:40 GMT +00:00 · Published

President-Elect Joe Biden announced his two-step COVID stimulus plan in Wilmington on Thursday.

Biden said the inequality is growing in the US amid the pandemic's economic fallout and unveiled the first part of his "rescue and recovery" $1.9 trillion (€1.56 trillion) plan.

In his speech, Biden noted that Wall Street bond credit rating company said that the approach of the recovery plan will "create more than 18 million good-paying jobs", as he called for unity behind his plan which he claimed would have clear "transparency and accountability".

Outlining key aspects of his recovery plan, Biden recognised that direct cash payments, extended unemployment insurance, rent relief, food assistance and keeping essential workers on the job would be a priority focus, with aid to struggling small businesses also being on the cards.

During his speech, Biden also criticised the slow rollout of COVID-19 vaccination in the US while making a pledge to increase this in his first days in office: "The vaccine rollout in the United States has been a dismal failure thus far. Tomorrow, I will lay out our vaccination plan to correct course and meet our goal of 100 million shots at the end of our first 100 days as President."

According to the latest data compiled on Friday by the Johns Hopkins University Coronavirus Resource Centre, the US has seen over 23 million confirmed cases of COVID-19 with over 388,692 related deaths.

USA: Biden unveils COVID 'rescue and recovery' plan to steady economy03:52
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President-Elect Joe Biden announced his two-step COVID stimulus plan in Wilmington on Thursday.

Biden said the inequality is growing in the US amid the pandemic's economic fallout and unveiled the first part of his "rescue and recovery" $1.9 trillion (€1.56 trillion) plan.

In his speech, Biden noted that Wall Street bond credit rating company said that the approach of the recovery plan will "create more than 18 million good-paying jobs", as he called for unity behind his plan which he claimed would have clear "transparency and accountability".

Outlining key aspects of his recovery plan, Biden recognised that direct cash payments, extended unemployment insurance, rent relief, food assistance and keeping essential workers on the job would be a priority focus, with aid to struggling small businesses also being on the cards.

During his speech, Biden also criticised the slow rollout of COVID-19 vaccination in the US while making a pledge to increase this in his first days in office: "The vaccine rollout in the United States has been a dismal failure thus far. Tomorrow, I will lay out our vaccination plan to correct course and meet our goal of 100 million shots at the end of our first 100 days as President."

According to the latest data compiled on Friday by the Johns Hopkins University Coronavirus Resource Centre, the US has seen over 23 million confirmed cases of COVID-19 with over 388,692 related deaths.

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