If there’s no new stimulus bill this year, here’s what President Biden will probably do next

[Andy Meek]

• In spite of the damage that the coronavirus pandemic continues to exert on the US economy, in all likelihood Congress will not pass a new stimulus bill this year.
• That's one reason that rescuing the US economy is going to take priority for the new Biden-Harris administration from the get-go.
• Here's a look at the priorities that are likely to comprise the key elements of President Biden's economic rescue plan.

President Trump over the weekend tweeted his support for a new stimulus bill, calling on Congress to pass an oxymoronic version of the legislation that lawmakers have been gridlocked over for months now.

Trump's contradictory call demanded that Congress pass a bill that's both "big and focused," which simply combines the priorities of both Democrats and Republicans into one singular idea that has even less of a chance of coming to fruition. Democrats in the House of Representatives, led by House Speaker Nancy Pelosi, have pushed for an expansive, multi-trillion-dollar package. GOP leaders in the Senate, led by Senate Majority Leader Mitch McConnell, have resisted any attempt at passing anything more than a slimmed-down, more targeted stimulus package. The end result: In all likelihood, there will be no new stimulus bill passed before the end of this year, meaning President Joe Biden will take office on January 20 with one additional crisis to confront in addition to bringing an end to the coronavirus pandemic: Rescuing the US economy.

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If there’s no new stimulus bill this year, here’s what President Biden will probably do next originally appeared on BGR.com on Mon, 16 Nov 2020 at 14:16:14 EDT. Please see our terms for use of feeds.

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