Stimulus Package: What’s in Joe Biden’s ‘American Rescue Plan’?

Feb 23, 2021

Democrats in Congress are racing to meet a mid-March deadline for President Biden’s coronavirus relief package before existing benefits like enhanced unemployment insurance expire.

The House and Senate passed a budget resolution earlier this month that allows them to craft a $1.9 trillion relief package.

The Biden administration says the package is the right size and that the economy needs relief on that scale in order to bring down real unemployment rates that the Federal Reserve estimates to be around 10%—accounting for misclassifications in government data and people who have exited the labor force—and to alleviate the economic hardship faced by millions whose lives and jobs have been disrupted.