Biden Picks Evercore’s Bianchi, Senate Aide for Trade Roles Bloomberg 3 hrs ago Jenny Leonard © Bloomberg Signage hangs outside the Office of the U.S. Trade Representative in Washington, D.C., U.S., on Wednesday, Aug. 14, 2019. The Trump administration announced today it will delay until mid-December the 10% tariff on some Chinese products on many holiday-shopping lists, with the president acknowledging that the levies would have hurt consumers.
(Bloomberg) President Joe Biden will nominate Evercore ISI policy analyst Sarah Bianchi and senior Senate aide Jayme White as deputies in the Office of the U.S. Trade Representative, the White House said Friday.
Biden Picks Evercore s Bianchi, Senate Aide as Trade Deputies
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Note
: Congress recently voted on a $1.9 trillion COVID-19 stimulus package the American Rescue Plan Act (ARPA, P.L.117-2). It includes stimulus checks for individuals, expanded unemployment benefits, and funding for vaccines, state and local governments, schools and child care. The ARPA marks a huge win for the Biden administration during its first 50 days in office.
Before the ink is dry, the administration has already pivoted to the second phase of the Biden agenda: Build Back Better. While ARPA was largely a relief bill, the next phase will be about rebuilding the economy, starting with a
mult
itrillion-dollar
plan that includes infrastructure, green energy and incentives to bolster domestic manufacturing. It will also build upon the individual relief provided in the first bill and seek to make those provisions permanent and will likely be paid for by corporate tax rate increases, a repeal of oil and gas tax breaks and increases in taxes on the wealthy.
WHAT TO WATCH THIS WEEK
Administration Proposal. President Joe Biden will travel to Pittsburgh, Pennsylvania, on March 31, where he will unveil the contours of the infrastructure package.
Biden Preliminary Budget Outline. This week, the Biden administration will release a preview of its Fiscal Year 2022 budget. The figures will allow lawmakers to begin the appropriations process and give Congress information about the president’s discretionary funding priorities. The final budget request is currently expected in May.
Congress Continues Work. Although both chambers will be out of session for the next two weeks on a district work period, lawmakers will continue discussions on the contents of the infrastructure package.
Wyden Proposes Major Revamp For Unemployment Insurance Details Published: 14 April 2021
Senate Finance Committee Chair Ron Wyden, D-Ore., and Senator Michael F. Bennet, D-Colo., today unveiled their proposal to overhaul the nation’s unemployment insurance system.
The senators’ discussion draft has four goals: Raise base jobless benefits so they cover the basics, minimize disparities between states’ unemployment insurance programs, create a permanent benefit for self-employed workers, and tie extended weeks of benefits to economic conditions on the ground. Legislation previously introduced by the senators would improve administration and technology.
The proposal would update the federal-state Extended Benefits program by tying it to economic conditions on the ground. Additional weeks of benefits would be added when the unemployment rate rises.
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