Joe Biden desires a "booming plan" to recover the US economy

Joe Biden desires a "booming plan" to recover the US economy

 

President-elect Joe Biden said, addressing the Americans that "aid is on the way".

 

US President-elect Joe Biden on Tuesday asked Congress to immediately approve a "robust plan" for the recovery of the post-covid-19 economy, telling citizens that "aid is on its way".

 

Biden, who was speaking in Wilmington, Delaware, at the presentation of his economic team, declared that his goal would be "to achieve an economic recovery for everyone".

 

Biden acknowledged that any financial support package approved during the Trump administration's transition phase, until its inauguration, will be, “at best, just a start".

 

His team, led by Janet Yellen, nominated for the post of Secretary of State for the Treasury, will play a "central role" in his mandate to relaunch the country's economy, Biden said.

 

Biden News - Janet Yellen described the situation caused by the pandemic in the United States as an "American tragedy", recognizing that "there are many people who are unable to put food on the table and pay their bills and household income".

 

"It is urgent to act to prevent the recession from getting stronger and causing further devastation," he warned, recalling the "lives and jobs lost" in the country, where 268,000 people have died with covid-19 since March.

 

Considered by Biden as "one of the most important economic thinkers", Yellen has yet to be confirmed in office by the Senate, controlled by the Republican Party.

 

Biden News - A group of Democratic and Republican representatives on Tuesday proposed a $ 908 billion (about € 758 billion) recovery plan for the US economy.

 

The proposal exceeds the 500 billion (417 billion Euros) that Republicans have been willing to support so far, but less than the two billion (about 1.67 billion Euros) that Democrats wanted.