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President Biden's $1.9 trillion stimulus plan

President Joe Biden is inheriting a set of extraordinary crises that will immediately test his administration. Here are the details of his plan to combat the economic crises brought on by the pandemic.

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President Biden's $1.9 trillion stimulus plan
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    An Overview

    The President has said that the giant scale of assistance he wants "does not come cheaply, but failure to do so will cost us dearly."

    Biden unveils a $1.9 trillion stimulus plan with $1,400 direct payments and federal unemployment benefits

    Biden unveils a $1.9 trillion stimulus plan with $1,400 direct payments and federal unemployment benefits

    The plan underscores the President's intent to aggressively shore up a deteriorating economy and address the devastation caused by the pandemic.

    $15 Minimum Wage

    The federal minimum wage, which hasn't changed since 2009, is currently $7.25 — less than half of what the new wage would be.

    Benefits for small businesses, families, and unemployed people

    The plan includes funds to finance state work-sharing programs so businesses avoid laying off employees working fewer hours without missing out on their pay.

    Hoops to Jump Through

    Now sworn in, Biden's vow to work with Republicans will be quickly tested.

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