Home United States USA — Financial House Passes Biden’s $1.9 Trillion Stimulus Bill

House Passes Biden’s $1.9 Trillion Stimulus Bill

14
0
SHARE

Here’s everything you need to know.
The House of Representatives passed President Biden’s $1.9 trillion American Rescue Plan, designed to stabilize the economy and curb the spread of the coronavirus, in a 219-212 vote early Saturday morning, a major step in a complicated legislative process that will eventually allow Democrats to pass the sweeping relief bill into law over the objections of the Republican Party.76%. That’s the share of registered voters who support the $1.9 trillion stimulus package, according to a Morning Consult poll released earlier this week.89% of Democrats said they supported the package, along with 60% of Republicans. “The swamp is back,” House Minority Leader Kevin McCarthy (R-Calif.) said during debate on the House floor. “Almost every one of this bill’s 592 pages includes a liberal pipe dream that predates the pandemic.” Under reconciliation rules, the Senate must also assemble its own version of the bill. There will undoubtedly be differences between the House and Senate versions, and those differences must be reconciled before both chambers vote again on the final legislation and send it to President Biden’s desk.

Continue reading...