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Oregon Republicans push education wishlist in state Senate amid walkout fallout

Biden COVID Plan Too Costly, Liberal and Conservative Economists Agree

By Hans Bader | February 22, 2021 | 11:45am EST Former Treasury Secretary & White House Economic Advisor Larry Summers is interviewed by FOX Business Maria Bartiromo. (Photo credit: Robin Marchant/Getty Images) Is President Joe Biden’s $1.9 trillion COVID relief package too big? Plenty of economists across the ideological spectrum think so,” notes CNN White House Correspondent John Harwood. He says that Biden’s COVID spending package, combined with December’s relief, approaches a quarter of the size of the entire U.S. economy. Former Treasury Secretary Larry Summers, publicly voicing concerns that other Democratic economists express privately, has warned it might “overheat” economic activity by sparking excessive inflation.

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