The White House will consider various options to pass an estimated $3 trillion economic recovery proposal, including splitting it into two bills, NBC News reported Monday.
The New York Times first reported the potential for the Biden administration to craft two separate proposals.
President Joe Biden aims to inject more money into the economy after this month’s passage of his top priority, a $1.9 trillion coronavirus relief package. His administration and congressional Democrats hope to revamp the country’s infrastructure, combat climate change and jolt an improving U.S. economy.
White House press secretary Jen Psaki said earlier Monday that Biden had not decided how to proceed. In a statement to NBC News, she said, “President Biden and his team are considering a range of potential options for how to invest in working families and reform our tax code so it rewards work, not wealth.”
“Those conversations are ongoing, so any speculation about future economic proposals is premature and not a reflection of the White House’s thinking,” she said.
The Times reported that the president’s advisors will bring him a plan as soon as this week that would divide the recovery proposal into two planks. One would put money into boosting manufacturing, improving transportation systems, expanding broadband access and reducing carbon emissions, according to the newspaper.
Reference: CNBC
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