A much anticipated new economic stimulus package may soon be reached according to Vice President Elect Joe Biden.
Wired PR News.com – The United States government may soon announce plans to distribute a new emergency stimulus package to jumpstart the failing economy. As reported by Reuters, Vice President Elect Joe Biden announced that an agreement was almost reached for an emergency spending bill implemented to help facilitate the creation of millions of jobs within Barack Obama’s first two years in office. As quoted of Biden in the report, “It’s clear that we’re all on the same page, including our Republican colleagues” on the need for a “substantial” bill to create jobs…We’re all getting very close to an overall number and we’re getting close to the specific kinds of investment.”
Some congressional members have expressed doubts about the benefit using tax payer money for certain government programs will have on alleviating the current economic crisis. Others see allocating money for rebuilding infrastructure and granting tax cuts to the middle class as more effective than giving additional aid to companies and financial systems. Congress is slated to convene after the holidays January 6.
Photo Credit: Daniel Schwen