Biden defends rescue package after disappointing jobs report | TheHill
May 07, 2021 1 min, 44 secs
President BidenJoe BidenAtlanta mayor won't run for reelection South Carolina governor to end pandemic unemployment benefits in June Airplane pollution set to soar with post-pandemic travel boom MORE on Friday defended his $1.9 trillion American Rescue Plan after a disappointing jobs report, arguing that the new data prove the necessity of the legislation and that it would take more time for the economy to recover. .

“Today’s jobs report is a disappointment—just like President Biden’s plan to burden families with more taxes & more debt,” tweeted House Minority Leader Kevin McCarthyKevin McCarthyLoyalty trumps policy in Stefanik's rise, Cheney's fall Cheney drama exposes GOP's Trump rifts Likely Cheney successor appears on Bannon show to tout GOP unity MORE (R-Calif.).

Today’s report makes clear, thank goodness we passed the American Rescue Plan.

Help is here and more help is on the way and more help is needed,” Biden said.

Biden rejected the notion that the enhanced unemployment benefits included in the rescue package diminished return to work in some categories when asked by a reporter at the end of his remarks.

Treasury Secretary Janet YellenJanet Louise YellenWaPo reporter: Treasury continuing recovery plan amid complaints of labor shortage, inflation Business groups target moderate Democrats on Biden tax plans On The Money: How demand is outstripping supply and hampering recovery | Montana pulls back jobless benefits | Yellen says higher rates may be necessary MORE told reporters at a press briefing later Friday that the extra unemployment benefits were not a factor in the slowdown in job growth. 

“When we look across states or across sectors or across workers, if it were really the extra benefits that were holding back hiring, you’d expect to see that either in states or for workers or sectors where the replacement rate for [unemployment insurance] is very high you’d expect to see lower job finding rates and in fact what you see is the exact opposite,” Yellen said

Yellen also argued that the jobs report was stronger than the headline number suggested and, like Biden, cautioned that it would be an arduous road to recovery. 

1. Parents of American jailed in Russia say they are open to prisoner swap ahead of Putin, Biden summit - NBC News
Jun 14, 2021 # politics 1 min, 9 secs
2. ProPublica investigation reveals how little some of the wealthiest Americans pay in income taxes
Jun 09, 2021 # breaking 2 secs
3. 18 Fascinating "Cruella" Behind-The-Scenes Facts Every Fan Needs To Know - BuzzFeed
Jun 09, 2021 # entertainment 49 secs
4. Michigan bet big on mass vaccine events for COVID-19. It didn’t work out as hoped. - USA TODAY
Jun 09, 2021 # health 3 mins, 33 secs
5. Biden è arrivato a Bruxelles in vista del vertice Nato - Ultima Ora
Jun 13, 2021 # breaking 6 secs
6. Salt and Sacrifice announced for PS5, PS4, and PC - Gematsu
Jun 10, 2021 # technology 33 secs
7. Meet the Massive Australotitan, the “Southern Titan” – Australia’s Largest Dinosaur! - SciTechDaily
Jun 11, 2021 # science 1 min, 46 secs
8. JLo and Ben Affleck reunite in LA after her Miami trip as Ben is spotted driving to her house - Daily Mail
Jun 12, 2021 # entertainment 52 secs
9. New U.S. COVID-19 cases and deaths jump to two weeks highs - MarketWatch
Jun 12, 2021 # health 1 min, 24 secs
10. Wasabi the Pekingese wins Best in Show at 145th Westminster Kennel Club Dog Show - USA TODAY
Jun 14, 2021 # politics 1 min, 42 secs
11. Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years
Jun 14, 2021 # breaking 36 secs
12. YouTube Bans Sen. Ron Johnson For Discussing Treatment Of COVID-19 - The Federalist
Jun 11, 2021 # health 1 min, 25 secs
13. Apple Music now rolling out Spatial Audio and Lossless songs for subscribers - 9to5Mac
Jun 08, 2021 # politics 49 secs
14. Several macOS Monterey Features Unavailable on Intel-Based Macs - MacRumors
Jun 09, 2021 # technology 32 secs
15. Ambitious Single-Shot Drone Video Flies Through an Active Wedding - PetaPixel
Jun 08, 2021 # technology 46 secs
16. Publix shooting: Killer made threats against children on social media; family says he was schizophrenic - Palm Beach Post
Jun 11, 2021 # politics 1 min, 48 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED