Biden’s Go-Big Push on Stimulus Gets Help From Weak Jobs, Senate

February 5, 2021 0 By boss

Larry Summers, who served as President Barack Obama’s top economic adviser during the last crisis, warned of putting so much stimulus in the pipeline that “we have an economy that is literally on fire.” Biden’s rescue plan is six times as large, relative to the size of the economic hit, as the Obama administration’s recovery program, he said in an interview with Bloomberg TV this week.

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