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Added on the 20/01/2021 16:22:16 - Copyright : Wochit
President Joe Biden plans to sign into law a $1.9 trillion stimulus plan aimed at lifting the United States from an economic slump triggered by the year-long coronavirus pandemic on Friday. "We expect that delivery to happen sometime tomorrow and then the president will sign it on Friday," says White House press secretary Jen Psaki. SOUNDBITE
President-elect Joe Biden plans to start transforming America's stance on the global stage with a series of day-one executive actions. CNN reports Biden's transition team is beginning to turn his campaign-trail promises into plans he can implement early in his presidency. Sources say Biden's first focus is likely to be the worsening coronavirus pandemic. He is set to name a 12-person coronavirus task force on Monday. Biden intends to rejoin the Paris climate accord, a landmark international deal to combat climate change that Trump exited in 2017. The president-elect has also said he would rejoin the World Health Organization, which President Donald Trump moved to withdraw from this year.
"We anticipate the worst economic fallout since the Great Depression," IMF chief Kristalina Georgieva says in a speech previewing next week's spring meetings of the IMF and World Bank, as she warns that "global growth will turn sharply negative in 2020," due to the global coronavirus pandemic. SOUNDBITE
President Joe Biden says he will veto any Republican legislation that threatens to sow "chaos" in the US economy. "I will not let it happen. Not on my watch. I will veto everything," he says in a speech at a Virginia pipe fitters union hall. SOUNDBITE
President Joe Biden is closely "monitoring" rare unrest in China by protesters demanding political freedoms and an end to Covid lockdowns, the White House says. "He's monitoring this. We all are. So yes, the president is, is certainly staying mindful," National Security Council spokesman John Kirby tells reporters. SOUNDBITE