Connect with us

Hi, what are you looking for?

Politics

U.S. House set for final approval of $1.9 trillion COVID-19 bill in early win for Biden

2/2

(C) Reuters. The U.S. Capitol is seenas the House prepares to debate the Senate’s version of U.S. President Biden’s COVID-19 relief plan in Washington

2/2

By Makini Brice

WASHINGTON (Reuters) – President Joe Biden is poised on Wednesday for his first major legislative victory when the House of Representatives is expected to approve his $1.9 trillion COVID-19 relief package, which forecasters predict will turbocharge the U.S. economy.

The bill, one of the largest stimulus measures in American history, includes $400 billion for $1,400 direct payments to most Americans, $350 billion in aid to state and local governments, an expansion of the child tax credit and increased funding for vaccine distribution.

Biden and his fellow Democrats who narrowly control Congress have described the legislation as a critical response to a pandemic that has killed more than 520,000 and thrown millions out of work.

“This bill attacks inequality and poverty in ways we haven’t seen in a generation,” Democratic Representative Jim McGovern, who chairs the House Rules Committee, said on Tuesday before the House voted to advance the legislation.

Republicans argue it is too costly and comes as the worst phase of the largest public health crisis in a century may have passed.

Biden may not sign the bill until later in the week, while it goes through final checks, according to people familiar with the White House’s plans.

The House is due to meet at 9 a.m. (1400 GMT) for two hours of debate before voting on the bill. The chamber last month passed an earlier version of the bill, but needs to meet again to approve changes made in the Senate over the weekend.

Congressional leaders do not expect a replay of the prolonged fights around earlier votes, which stretched past midnight in the House Rules Committee and went all night in the Senate in a session that ended on Saturday afternoon.

It is possible, however, that Republicans could delay proceedings on Wednesday. They could ask for a motion to send the bill back to a committee or a member could move to adjourn the House – a maneuver that right-wing Representative Marjorie Taylor Greene has attempted three times since taking office in January.

POPULAR SUPPORT

Although many Republicans supported coronavirus relief under former President Donald Trump’s administration, they have balked at the price tag for the Democratic package. No Republican lawmaker voted for the bill in the House or Senate, although a Morning Consult/Politico poll last month showed that 76% of voters and 60% of Republican voters supported the measure.

Democrats hold a 221-211 majority in the House and, without Republican support, can afford to lose the votes of only a few of their members.]

In the February vote in the House, two Democratic lawmakers voted against it. One of them, Kurt Schrader, said he would now vote for the bill with the Senate changes.

Some Democratic lawmakers had criticized those changes, but Pramila Jayapal, head of the left-wing Congressional Progressive (NYSE:PGR) Caucus, has told reporters she thought members would back the legislation.

The massive spending push is seen as a major driver, coupled with a quickening pace of COVID-19 inoculations and a slowing infection rate, in a rapidly brightening outlook for the nation’s economy.

Private- and public-sector economists have been marking up their growth estimates, with Morgan Stanley (NYSE:MS) this week pegging 2021 economic output growth at 8.1%. The Organization for Economic Cooperation and Development on Tuesday predicted U.S. growth would top 6% this year, up from an estimate of around 3% just three months ago.

U.S. gross domestic product decreased 3.5% in 2020, the biggest drop since 1946, as the pandemic depressed consumer spending and business investment. Recovery began in the second half.

Americans have already pocketed $1.5 trillion in savings from the previous rounds of stimulus, and this one is coming as a rising portion of the population is finding it safer to resume activities such as dining out and traveling that have been off-limits for much of the past year, costing millions of service workers their jobs.

U.S. House set for final approval of $1.9 trillion COVID-19 bill in early win for Biden

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved