Joe Biden writes a cheque for America – and the rest of the world
by Phillip Inman from on (#5F9TZ)
The president's $1.9tn stimulus package should lift US GDP by up to 4% - and thus buoy up the whole of the global economy
US president Joe Biden did the world a favour last Thursday when he signed a bill handing $1.9 trillion (1.4tn) of rescue funds to state and federal agencies, millions of students and workers and the US vaccination programme.
The money will appear first as cheques landing on household doormats as early as this week, softening the blow of the pandemic for those in work and for the many who remain out of work and under severe financial strain.
If anything the US economy needs a bit of inflation after more than 10 years without any
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