President-elect Joe Biden laid out a $1.9 trillion emergency relief plan on 14 Jan 2021 in order to steer the nation out of a pandemic disaster and rapidly deteriorating economy. Biden is aiming to get GOP support for the measure, although at nearly $2 trillion the price tag is likely to be too high.
The stimulus package, unveiled by Biden has been widely anticipated by Wall Street. The proposed relief stimulus package may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all. Whether the positivity impact will sustain will be known only after having clarity on the costs of the funds to be allocated for the initiatives.