President-elect Joe Biden is expected to unveil a major Covid-19 relief package on Thursday and his advisers have recently told allies in Congress to expect a price tag in the ballpark of $2 trillion, according to two people briefed on the deliberations.
The Biden team is taking a “shoot for the moon” approach with this package, one lawmaker in close contact with them told CNN, though they added that the price tag could still change. The proposal will include sizable direct payments to American families, significant state and local funding — including for coronavirus vaccine distribution and other emergency spending measures — to help those struggling during the pandemic.
Biden is set to announce the details of his plan in Wilmington, Delaware, Thursday evening.
Democrats hold only the slimmest of majorities in the House and the Senate, and Republicans have recently resisted efforts to pass Covid-19 relief on a multi-trillion dollar scale. But Biden’s party believes it may have only a brief window to pass sweeping relief legislation and the President-elect has faced significant pressure from some Democrats to go big.
Brian Deese, Biden’s pick to lead the National Economic Council, said Wednesday at a conference that the package will include $2,000 stimulus checks, and address other relief measures like unemployment insurance.
This is a breaking story and will be updated.