Biden promotes new stimulus program in the face of the pandemic crisis

That is one of the objectives of the meeting that Biden will hold this Friday with the Democratic leaders in Congress

The president-elect of United States, Joe biden, is already promoting a new economic stimulus program of the Congress with the purpose that it can enter into force before its inauguration, next January.

That is one of the objectives of the meeting that Biden will hold this Friday with the Democratic leaders in Congress; the president of the House of Representatives, Nancy pelosi, and the head of the minority party in the Senate, Chuck schumerJen Psaki of Biden’s transition team told reporters today.

According to the president-elect’s advisor, Biden intends to also talk with other legislators from both parties to pursue this end.

He is going to tell them that there has to be a stimulus program in the period of the ‘lame duck’ because it is very necessary that people have help in time for the festivities ”at the end of the year, said Psaki, referring to the period of government of a president between the elections and the handover of power to a successor.

During this period it is assumed that the rulers do not make important decisions, although the case of Donald trump It is atypical, because it has not yet recognized the victory of its rival in the elections and insists on denouncing an “electoral fraud” against him, which it has not demonstrated.

In this regard, Biden’s adviser said that “patience is running out” in Congress, in the intelligence community and elsewhere over Trump’s refusal to facilitate the transition.

Negotiations between Democrats and Republicans in Congress to achieve a new stimulus package for the economy have been stalled for months, after several projects failed due to differences in the amount and programs to be financed.

Last Saturday Trump encouraged Congress to approve one that is “large and focused”, after the president himself announced in early October the interruption of negotiations and assured that he would not support a plan until after the elections.

Last March, Congress approved a first stimulus plan worth 2.2 trillion dollars, the largest in the history of the United States, but for months the economic sectors have been asking for a new aid package that reinforces the effects of the first .

Among them, the president of the Federal Reserve (Fed), Jerome powell, who believes that more fiscal stimulus is required to overcome the current recession, the “sharpest ever recorded” in the US.

In October, the House of Representatives approved an additional stimulus package of 2.2 trillion dollars to face the crisis, but the proposal did not get a vote in the Senate, with a Republican majority, nor did it have the support of Trump. .

The Fed foresees an economic fall of 3.7 percent for all of 2020 and that unemployment will end the year at 7.6 percent, compared to the contraction of 6.5 percent in real GDP and a 9.3 percent unemployment that it calculated in the middle of year.

With information from .