
Cheques notes: getting America’s stimulus right
The Intelligence from The Economist
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Uneven Relief: The Stimulus Debate
This chapter examines the recent House vote on President Biden's $1.9 trillion coronavirus relief bill, focusing on its partisan divide and the use of reconciliation for passage. It contrasts the Biden administration's proposal with Republican counteroffers, highlighting differing fiscal priorities and the implications for America's economic recovery. The discussion also addresses concerns over inflation and the adequacy of proposed spending in relation to projected GDP shortfalls, advocating for a more cautious approach to future economic aid.
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