Washington: US President Joe Biden has told Senate Republicans that the $600 billion economic recovery package they favor for dealing with the Coronavirus crisis is far too small, Senate Majority Leader Chuck Schumer told a Capitol Hill press conference.
“We had a very good caucus meeting,” Schumer said Tuesday. “He told Republicans that the $600 billion package they had proposed was far too small.”
Secretary of the Treasury Janet Yellin accompanied Biden to the Senate Democratic caucus meeting and she agreed that a $600 billion stimulus package was not remotely enough, Schumer said.
Biden’s American Rescue Plan (ARP), which he proposed on January 14, would pump a record $1.9 trillion into the US economy to seek to jump start it from the economic devastation of the COVID-19 pandemic over the past year.