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  • World - North America
  • Updated: January 15, 2021

Biden Unveils $1.9 Trillion Economic And Health-Care Relief Package

Joe Biden, the President-elect of the United States has laid out a $1.9 trillion stimulus package to revitalize a lagging economy and speed up the nation's response to the COVID-19 pandemic. 

The wide-ranging package is designed to take aim at the twin crises Biden will confront upon taking office on Wednesday, January 21, 2021, with provisions delivering direct aid to American families, businesses and communities, and a major focus on COVID-19 testing and vaccine production and delivery as the pandemic surges.

The President-elect who announced the first of his "two-step plan of rescue and recovery" in a prime-time address on Thursday also justified the huge price tag of his proposal during his speech.

He said, "Tonight, I lay out my first step, the American Rescue Plan that will tackle the pandemic and get direct financial assistance and relief to Americans who need it the most.

"Next month, in my first appearance before a joint session of Congress I will lay out my 'build back better' recovery plan," Biden said on Thursday. "It will make historic investments in infrastructure, manufacturing, innovation, and research and development in clean energy.

"Our 'rescue and recovery' plan is a path forward with both serious of purpose and a clear plan, with transparency and accountability, with a call for unity that is equally necessary.

"It’s not hard to see that we’re in the middle of a once-in-several-generations economic crisis with a once-in-several-generations public health crisis. A crisis of deep human suffering is in plain sight and there’s no time to waste," Biden said. "We have to act, and we have to act now."

READ ALSO: Biden Says 'Politicians Can’t Seize Power In America'

"The return on these investments in jobs, racial equity will prevent long-term economic damage, and the benefits will far surpass the cost," Biden said. "In this moment of crisis... we cannot afford inaction."

The spending proposal will build on the two massive relief packages approved by Congress in 2020.

It lists a host of measures including providing financial aid to individuals, state and local government, and businesses struggling with the prolonged economic fallout.

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Adedayo Babatunde
Adedayo Babatunde

Adedayo Babatunde is a seasoned journalist and an enthusiastic organic writer, who is passionate abo...

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