{"id":155663,"date":"2021-01-15T23:40:00","date_gmt":"2021-01-15T20:40:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-economic-plan-to-test-congress-covid-relief-fatigue\/"},"modified":"2021-01-15T23:40:00","modified_gmt":"2021-01-15T20:40:00","slug":"biden-economic-plan-to-test-congress-covid-relief-fatigue","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-economic-plan-to-test-congress-covid-relief-fatigue\/","title":{"rendered":"#: Biden economic plan to test Congress\u2019 COVID relief fatigue"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36cdeedf4f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36cdeedf4f1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/biden-economic-plan-to-test-congress-covid-relief-fatigue\/#Biden_plan_satisfies_many_Democrats_calls_to_go_big_but_at_risk_of_alienating_possible_Republican_support\" >Biden plan satisfies many Democrats\u2019 calls to go big, but at risk of alienating possible Republican support<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/biden-economic-plan-to-test-congress-covid-relief-fatigue\/#Jonathan_Nicholson\" >Jonathan Nicholson<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#: Biden economic plan to test Congress\u2019 COVID relief fatigue<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Biden_plan_satisfies_many_Democrats_calls_to_go_big_but_at_risk_of_alienating_possible_Republican_support\"><\/span>\n  Biden plan satisfies many Democrats\u2019 calls to go big, but at risk of alienating possible Republican support<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000132137\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       President-elect Joe Biden\u2019s ambitious economic recovery plan outlined Thursday met with plaudits from Capitol Hill Democrats, but much of its fate hinges on Republicans in a narrowly divided Congress.<\/p>\n<p> And the sweeping nature of Biden\u2019s $1.9 trillion plan, coming on the heels of Congress <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roving trillions in economic aid to offset the effect of the pandemic  in 2020, will test Republicans\u2019 appetite for spending more and potentially give Biden a political win early in his administration.<\/p>\n<div class=\"paywall\">\n       \u201cWith a COVID relief package President-elect Biden announced last night, he is delivering on what he said when he was elected: help is on the way,\u201d said House Speaker Nancy Pelosi at a press conference Friday.<\/p>\n<p> Sen. Pat Toomey, a Pennsylvania Republican, said the spending was unneeded, after Congress approved the $1.7 trillion CARES Act and other relief measures in 2020, including $868 billion in relief in December.<\/p>\n<p>\u201cBlasting out another $2 trillion in borrowed or printed money \u2014 when the ink on December\u2019s $1 trillion aid bill is barely dry and much of the money is not yet spent \u2013 would be a colossal waste and economically harmful,\u201d Toomey said.<\/p>\n<p>And that view could well be the prevailing one among Senate Republicans when they return to Washington Jan. 20 for the swearing-in of Biden and the possible impeachment of Donald Trump.<\/p>\n<p>\u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a>ism for rich people is a terrible way to help the American families that are actually struggling,\u201d Senate Majority Leader Mitch McConnell said on New Year\u2019s Eve in rejecting Democratic plans to boost stimulus payments to families from $600 to $2000. That boost is included in Biden\u2019s plan.<\/p>\n<p>McConnell has instead advocated for seeing how the economy responds to past stimulus bills before greenlighting a new one, but an economy at risk of a potential second dip in a double dip recession may force his hand.<\/p>\n<p>U.S. payrolls declined by 140,000 in December and the unemployment rate held steady at 6.7%, breaking its string of improvements since spiking in the spring of 2020 after the first pandemic lockdowns.<\/p>\n<p>Failure to woo Republicans in the Senate, where 60 votes are needed to break a filibuster means the package will either have to be slimmed down dramatically or possibly pushed through on a party-line basis using a process called budget reconciliation.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cCount us skeptical that Democrats can find enough bipartisan support to pass a $1.9 trillion deficit-financed plan by the end of February.\u00a0If and when Democrats fail the bipartisan route, that leaves them having to use budget reconciliation,\u201d said Washington-based Beacon Policy Advisors LLC in a note to clients.<\/p>\n<p>Reconciliation allows bills to pass the Senate on a simple majority, which Democrats would have when Kamala Harris is sworn in as vice president, but it also restricts the scope and cost of legislation. To use it, Democrats would need to first pass a budget resolution setting out spending, tax and deficit targets for upcoming years, which will pose its own political risks.<\/p>\n<p>But \u201cgoing big\u201d gave Biden some wiggle room in negotiations with either Republicans or moderates in his own party, like West Virginia Democrat Sen. Joe Manchin.<\/p>\n<p>\u201cWe suspect that the President-elect deliberately included some provisions that will\u00a0have to be whittled down. He might not get $400 billion for state and local governments,\u00a0and the minimum wage might not rise to $15 per hour, at least not right away,\u201d wrote Greg Valliere, chief U.S. policy strategist with AGF Investments.<\/p>\n<p>Whether and how much Biden has to trim his sails could be up to an ad hoc bipartisan group of moderates in the Senate. The group, first organized by Alaska Republican Sen. Lisa Murkowski and with Manchin as its most prominent Democratic face, played a big role in the December stimulus package.<\/p>\n<p>Requests for comment on the Biden plan Friday to Manchin and Murkowksi\u2019s offices were not immediately returned.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jonathan Nicholson\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jonathan_Nicholson\"><\/span>Jonathan Nicholson<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D20429BA8000%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#: Biden economic plan to test Congress\u2019 COVID relief fatigue&#8221; Biden plan satisfies many Democrats\u2019 calls to go big, but at risk of alienating possible Republican support President-elect Joe Biden\u2019s ambitious economic recovery plan outlined Thursday met with plaudits from Capitol Hill Democrats, but much of its fate hinges on Republicans in a narrowly divided&#8230;<\/p>\n","protected":false},"author":1,"featured_media":143839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-155663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=155663"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/155663\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/143839"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=155663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=155663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=155663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}