(Reuters) – President-elect Joe Biden intends to press Congress for speedy motion on extra pandemic reduction efforts when he takes workplace subsequent week, together with extra direct funds to households, one in all his high financial advisers advised Reuters on Wednesday.
In an look at Reuters Subsequent, Brian Deese, who will head the Nationwide Financial Council within the new Democratic administration, stated Biden will lay out a two-track financial plan, one centered first on a “rescue bucket” of funds to assist Individuals climate the COVID-19 downturn and a longer-term restoration effort that goals to ship on the Construct Again Higher plan he laid out in the course of the president marketing campaign.
Biden will unveil the plan on Thursday.
“This can be a very precarious second for our financial system and our nation proper now,” Deese stated.
Reporting By Trevor Hunnicutt; writing by Dan Burns; Modifying by Chizu Nomiyama