President Joe Biden is rolling out a new $2.25 trillion infrastructure plan that, in tandem with the recent $1.9 trillion Covid relief package, aims to turbocharge the U.S. economy—an effort the White House considers its primary goal. The expected boom, however, may also exacerbate what has been the administration’s biggest struggle so far: handling the rising number of migrants crossing the southern border.
Biden campaigned on a pledge to curb Covid and revitalize the pandemic-stricken economy. Despite concerns about a recent spike in cases, he appears poised to deliver. The Federal Reserve expects the U.S. economy to grow at the fastest clip in four decades, forecasting 6.5% GDP growth this year; Goldman Sachs predicts 8% GDP growth. Other countries aren’t faring nearly as well.