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Economy

Biden readies to pump $1.9tn into pandemic-hit US economy

Plan includes $415bn for COVID response and more stimulus payments

U.S. President-elect Joe Biden plans to inject nearly $2 trillion into the economy but may face hurdles from a divided Congress.   © Reuters

WILMINGTON, Del. (Reuters) -- President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control.

Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to put that pledge into action with an influx of resources for the COVID-19 response and economic recovery.

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