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U.S. Economy Is Spiraling and Needs Urgent Action, Biden Aide Warns
A top economic adviser to President-elect Joe Biden warned the U.S. economy is “spiraling downward” and called for swift action to address vulnerabilities that the global pandemic has drawn into focus. Brian Deese, who will serve as director of Biden’s National Economic Council, said Sunday that the incoming administration’s $1.9 trillion spending plan would generate “the kind of robust recovery we need.” Biden’s proposal includes more direct payments to households, an expansion of jobless benefits, more money for state and local governments and an expansion of vaccinations and virus-testing programs. ... (full story)
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