Biden Says US Economic Crisis Is Deepening

Biden Says US Economic Crisis Is Deepening

While delivering remarks on the economy Thursday, Biden presented a grim outlook by asserting the US is currently facing uncommon economic hurdles that will require federal intervention within the next several months. 

“We remain in a once-in-a-century public health crisis that has led to the most unequal job and economic crisis in modern history. And the crisis is only deepening,” he remarked during an address held on his second full day in office.  

The US president also stressed that it is necessary that Congress looks at his $1.9 trillion COVID relief bill, which includes a third round of direct relief payments to Americans and $416 billion in funding for the administration’s push to vaccinate 100 million Americans and reopen US schools within the first 100 days of the presidency.

“We cannot, will not, let people go hungry. We cannot let people be evicted because of nothing they did themselves,” he declared. “We cannot watch people lose their jobs and we have to act. We have to act now. It’s not just to meet the moral obligation to treat our fellow Americans with the dignity and respect they deserve.” 

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