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Industry Update

President Joe Biden is discovering the limits of his power to boost the world’s largest economy on his own, as congressional opposition to his sweeping stimulus plan hardened soon after he was inaugurated. While publicly urging Congress to swiftly pass his $1.9 trillion proposal -- warning of rising unemployment, hunger and homelessness if lawmakers don’t act -- Biden issued more than a dozen executive actions in his first three days in office, some aimed at propping up the economy and containing the coronavirus to allow its reopening.

Source: https://www.bloomberg.com/news/articles/2021-01-23/biden-seeks-to-juice-economy-as-congress-spars-over-stimulus?srnd=economics-vp