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Biden to unveil new Covid stimulus plan, hopes for bipartisan support - CNBC
Jan 13, 2021 1 min, 15 secs
President-elect Joe Biden is expected on Thursday to unveil his long-awaited stimulus plan, with those familiar with the legislation suggesting the transition team is hoping to draw bipartisan support for the bill in Congress.

Though some had at first wondered whether Biden would try to ram the stimulus through Congress using a special budgetary rule that could allow it to pass with only Democratic votes, a person familiar with the transition team's thinking confirmed that the president-elect is interested in drumming up bipartisan support.

Republicans, more wary of big-ticket spending in light of last month's $900 billion stimulus, may be willing to sign on to Biden's plans if the president-elect floats the bill in phases.

Rand Paul of Kentucky, opposed last month's $900 billion stimulus bill as wasteful, Biden's bipartisan aspirations may not be out of reach in the wake of the violent, pro-Trump riot on Capitol Hill on Jan.

"It would send a powerful message to the American people if, on the first day of your presidency, you called on the House and Senate to send you legislation to increase the direct economic impact payments to Americans struggling due to the pandemic from $600 to $2,000," the Republican added.

Biden's interest in garnering bipartisan support for his stimulus proposal may also be a good-faith effort to encourage the collaboration that will be necessarily in a Senate divided 50-50 after two runoff elections in Georgia gave Democrats two additional seats in the chamber.

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