Biden urges Senate to quickly pass $1.9trn relief package

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

IANS | 01 Mar, 2021
US President Joe Biden has urged the Senate to quickly pass the $1.9 trillion Covid-19 relief package, which was approved by the House on Saturday.

"Now the bill moves to the United States Senate where I hope it will receive quick action... we have no time to waste," Biden said at the White House on Saturday, Xinhua news agency reported.

"If we act now -- decisively, quickly, and boldly -- we can finally get ahead of this virus. We can finally get our economy moving again," he said.

"And the people of this country have suffered far too much for too long. We need to relieve that suffering," said the president. "And it's time to act."

US Treasury Secretary Janet Yellen also said on Saturday on the Twitter that as an economist and an American, she applauds "the House's favourable vote on the American Rescue Plan."

"There's a broad consensus among economists: People need more help putting food on the table and keeping a roof over their head until the virus is under control. This plan does that," she said.

The rescue plan contains direct payments of $1400 per person for working families, which is on top of the $600 check in the $900 billion relief package approved in December.

It would also boost federal unemployment benefits to $400 dollars per week and extend the measure through the end of September.

The House-approved bill also includes a provision to raise the federal minimum wage to $15, which would face tough tests in the 50-50 split Senate, where parliamentarians have ruled that the wage increase violates the budget reconciliation process and cannot be included.

The Senate is set to tackle the bill next week. Senate Republican leader Mitch McConnell on Saturday blasted Democrats over the House passage of the relief package, calling it a "deliberately partisan process".

"House Democrats snapped that bipartisan streak. They jammed through a bill that even liberal economists and editorial boards say is not well targeted to this stage of the fight," McConnell said.