Fourth stimulus check: What are Biden's economic proposals according to the unemployment report?
The Bureau of Labor Statistics released the April jobs report and it sounded alarms of a slowing economic recovery. With the country eager to return to normalcy, the Dow Jones had expected that over more than one million jobs would be added. In the end, that number was only 266,000.
Before the BLS report was released, President Biden’s Press Secretary, Jen Psaki, stated that the administration was not opposed to the idea of a fourth stimulus check. In her remarks, Psaki reminded the press that the decision lies with Congress and that caution is needed as direct payments “aren’t free.”
The President took an optimistic tone on Friday after the report, saying that the American Rescue Plan aims to help the economy over the next sixty years and that although many would like to see a quicker recovery, “the climb is steep, and we still have a long way to go."
The President’s comments may mean that he’s not willing to support a fourth stimulus just yet, and would like to see more data on the economic recovery before he takes a stand on the matter publicly.
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May 09, 2021 at 10:18PM
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Fourth stimulus check live updates: $2,000 monthly stimulus, Golden State payment tracker, Child Tax Credit... - AS English
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