President Joe Biden's $1.9 trillion COVID-19 relief bill has passed Congress. It includes a change to the tax code that Democrats have lauded as a tool to combat child poverty. However, Republicans have condemned this as "welfare."
President Joe Biden has outlined his plan to make all adult Americans eligible for vaccination by May 1 - and he raised the prospect of beginning to gain what he called "independence from this virus" by the Fourth of July.
Congress has sent President Joe Biden the landmark $1.9 trillion COVID-19 relief bill.
The continuing job cuts reflect the extent to which the pandemic disrupted normal economic activity and kept consumers hunkered down at home rather than out traveling, shopping, dining out and attending entertainment venues. Cities and states restricted the hours and capacity of restaurants, bars and other businesses. Even where restrictions didn t exist, many Americans for months chose to stay home to avoid the risk of infection.
Now, though, as vaccinations are increasingly administered around the country, business limitations are gradually eased and consumers grow more comfortable engaging face to face with others, optimism about the economy is rising. Last month, consumers bounced back from months of retrenchment to step up their spending by 2.4% - the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery.
President Joe Biden has outlined his plan to make all adult Americans eligible for vaccination by May 1 - and he raised the prospect of beginning to gain what he called "independence from this virus" by the Fourth of July.
President Joe Biden has outlined his plan to make all adult Americans eligible for vaccination by May 1 - and he raised the prospect of beginning to gain what he called "independence from this virus" by the Fourth of July.