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Added on the 14/01/2021 18:24:50 - Copyright : Wochit
President-elect Joe Biden unveiled a $1.9 trillion COVID-19 stimulus plan on Thursday. It includes $1,400 checks, according to Business Insider. Biden had pledged $2,000 direct payments to Americans. The $1,400 checks would be in addition to the $600 direct payments provided most recently. This would be welcomed funds as more and more Americans face eviction and hunger. Most developed countries worldwide have been supporting their citizens with funds since last March.
US President Joe Biden has further extended a moratorium on foreclosures - offering respite to millions of Americans worried about making their mortgage payments during the coronavirus pandemic. He's also making the case for his $1.9 trillion stimulus plan, to protect businesses and households. Also in today's show - Bitcoin trades above $50,000 for the first time, and airports around the world call for more financial aid as passenger numbers remain low.
Joe Biden's administration has begun the political wranglings to get his $1.9 trillion dollar 'American Rescue Plan' for the economy passed through Congress. Despite the Democratic party holding a majority in both houses, it's unlikely the new President will secure support for all elements of the plan, which include more stimulus payments to Americans and raising the federal minimum wage to $15 per hour. Also today, Google has agreed a deal to pay French publishers for showing extracts of their news articles in search results.
Among the highlights of US President-elect Joe Biden's proposed $1.9 trillion stimulus proposal are another round of direct payments to Americans and a hike in the federal minimum wage from $7.25 to $15 an hour. We take a closer look at that last proposal, which comes amid growing pressure to raise wages. Also, we look at Indian farmers' talks with the government over hotly-contested agriculture reforms. Plus, French Finance Minister Bruno Le Maire doubles down on his opposition to a proposed takeover of supermarket giant Carrefour.
President-elect Joe Biden on Thursday made the case for his $1.9 trillion stimulus proposal, saying the US economy is in need of urgent help as Covid-19 cases surge. The return on these investment in jobs, racial equity will prevent long-term economic damage, and the benefits will far surpass the cost," Biden said during a speech.
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