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The U.S. House has set final approval of the $ 1.9 trillion COVID-19 bill for Biden’s early profit

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© Reuters. The U.S. Capitol is seen as the House prepares to discuss President Biden’s Senate version of President Biden’s COVID-19 relief plan in Washington

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By careful Brice

WASHINGTON (Reuters) – President Joe Biden faces his first major legislative win on Wednesday as the House of Representatives is expected to approve its $ 1.9 trillion COVID-19 aid package that forecasters predict will hit the U.S. economy will get going.

The bill, one of the largest stimulus measures in American history, includes $ 400 billion in 1,400 direct payments to most Americans, $ 350 billion for state and local governments, an increase in child tax credits, and an increase in funding for the United States Distribution of vaccines.

Biden and his fellow Democrats, who closely control Congress, have described the legislation as a critical response to a pandemic that killed more than 520,000 people and left millions unemployed.

“This bill combats inequality and poverty in ways we have not seen in generations,” said Democratic Representative Jim McGovern, chairman of the House Rules Committee, on Tuesday before the House voted to move the legislation forward.

Republicans argue it is too costly and it may have passed through the worst of the biggest public health crisis in a century.

Biden may not be able to sign the bill until later in the week while it goes through final checks, according to people familiar with the White House’s plans.

The House will meet for a two-hour debate at 9:00 a.m. (2:00 p.m. GMT) before voting on the bill. The chamber passed an earlier version of the bill last month but will have to meet again to approve the changes made in the Senate over the weekend.

The leaders of Congress do not expect a repetition of the protracted battles over earlier votes that stretched past midnight in the House Rules Committee and ran all night in the Senate in a session that ended Saturday afternoon.

However, it is possible that Republicans could postpone the trial on Wednesday. They could ask for a motion to send the bill back to a committee or a member could adjourn the house – a maneuver right-wing representative Marjorie Taylor Greene has tried three times since taking office in January.

POPULAR SUPPORT

Although many Republicans supported coronavirus support under former President Donald Trump’s administration, they have opposed the price of the Democratic package. No Republican legislature voted for the bill in the House or Senate, despite a Morning Consult / Politico poll last month found 76% of voters and 60% of Republican voters backed the measure.

Democrats have a 221-211 majority in the House of Representatives and can afford to lose the votes of just a few of their members without Republican support.]

When the House of Representatives voted in February, two Democratic lawmakers voted against it. One of them, Kurt Schrader, said he would now vote for the bill with the Senate amendments.

Some Democratic lawmakers had criticized these changes, but Pramila Jayapal, head of the left-wing Congressional Progressive (NYSE 🙂 Caucus, told reporters she thought members would support the legislation.

The massive surge in spending is seen as the main driver, coupled with an accelerated pace of COVID-19 vaccinations and a slowed rate of infection, which is rapidly brightening the outlook for the country’s economy.

Private and public sector economists have marked their growth estimates with Morgan Stanley (NYSE 🙂 this week with economic output growing 8.1% in 2021. The Organization for Economic Cooperation and Development on Tuesday forecast that US growth will exceed 6% this year, compared to an estimate of around 3% three months ago.

U.S. gross domestic product fell 3.5% in 2020, the biggest drop since 1946 as the pandemic dragged consumer spending and business investment. The recovery began in the second half.

Americans have already bagged $ 1.5 trillion in savings from previous economic cycles, and these are coming as a growing segment of the population finds it safer to resume activities such as dining and travel that were banned for much of the population Last year millions of service workers cost their work.

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