The incoming Biden administration unveiled a $1.9 trillion stimulus plan on Thursday that offered a wish list of spending measures meant to help both people and the economy recover from the coronavirus pandemic, from state and local aid and more generous unemployment benefits to mass vaccinations.
Below, we run through a few of the biggest provisions, how they would work and what they might mean for the United States economy as it struggles through a winter of surging coronavirus cases and partial state and local lockdowns.
Let’s put that headline number in context.
That $1.9 trillion figure is a lot of money, to put it mildly. Congress passed a $900 billion relief program in December, and its package in March was also about $2 trillion. By way of comparison, the major financial crisis spending package — the American Recovery and Reinvestment Act of 2009 — clocked in around $800 billion.
The administration is looking for $1,400 checks.
President-elect Joseph R. Biden Jr. is trying…
— to www.nytimes.com