Biden unveils $1.9T plan to stem COVID-19 and steady economy
January 15, 2021
WILMINGTON, Del. — President-elect Joe Biden unveiled a $1.9 trillion coronavirus plan Thursday to end "a crisis of deep human suffering" by speeding up vaccines and pumping out financial help to those struggling with the pandemic's prolonged economic fallout.
Called the "American Rescue Plan," the legislative proposal would meet Biden's goal of administering 100 million vaccines by the 100th day of his administration, and advance his objective of reopening most schools by the spring. On a parallel track, it delivers another round of aid to stabilize the economy while the public health effort seeks the upper hand on the pandemic.
"We not only have an economic imperative to act now — I believe we have a moral obligation," Biden said in a nationwide address. At the same time, he acknowledged that his plan "does not come cheaply."