[ad_1]
Ben White, a CNBC contributor, said President Joe Biden “is eager to strike a bipartisan deal” when it comes to his administration’s $ 1.9 trillion stimulus package to pull America out of its way. economic crisis.
“He doesn’t want to detonate the obstruction in the Senate,” said White, who is also Politico’s senior economic correspondent. “He would like to come to an agreement on a big package, maybe not $ 2 trillion, but something similar, which has unemployment insurance, checks for $ 1400 and the rest, that’s their goal. principal. try to do that. “
Biden has vowed to act quickly and fix the U.S. economy in his second full day in office. He called his plan a “moral obligation” to provide millions in US financial relief and signed two executive orders on Friday. One focused on increasing the federal minimum wage to $ 15 an hour, while the other expanded federal food stamp benefits.
“We can’t, won’t let people go hungry,” Biden said. “We can’t let people get kicked out for nothing they haven’t done themselves. They can’t see people losing their jobs. And we have to act. We have to act now.”
Friday’s executive orders lean on Biden’s $ 1.9 trillion stimulus package. He said his proposal had the bipartisan support of the “majority of US mayors and governors.” However, the Biden administration must force Congress to pass the plan. Sen. Lindsey Graham, RS.C., said the plan died on arrival, but noted “there are elements that I love.”
The White House says it is conducting outreach this Sunday and that there is a phone call with 16 senators to discuss the president’s back-up plan. White told CNBC’s “The News with Shepard Smith” that if negotiations fail, the Biden administration has two options.
“First, blow up the obstruction, go with 51 votes and slam it that way,” White explained in an interview Friday night. “Biden doesn’t want to do that, he’s an institutionalist. The other, harder one is trying to write checks and send money to people, and break it down into smaller pieces.”
[ad_2]
Source link