Biden Urges Swift Action on Giant Aid Plan With Republicans Wary
- Price tag, controversial items could draw out negotiations
- Talks this time will lack the Trump volatility factor
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President-elect Joe Biden’s $1.9 trillion economic relief proposal serves as the opening salvo in a legislative battle that could be prolonged by the go-big price tag and the inclusion of initiatives opposed by many Republicans.
Biden’s hand was bolstered by Friday’s release of U.S. retail sales data for December, which showed a third straight monthly decline as the pandemic sapped activity. The results indicated that the biggest part of the U.S. economy -- consumer spending -- took a step back last quarter.