Economics

Biden’s Economic Legacy at Stake as Next Package Takes Shape

Recovery plan to span infrastructure, possibly much more
Multitrillion-dollar proposal to come on heels of relief plan

WATCH: Nobel Laureate Paul Krugman discusses the $1.9 trillion relief bill.Daybreak: Australia.” (Part 1 of full interview.) (Source: Bloomberg)

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By Christopher Condon and Erik Wasson

February 21, 2021 at 1:15 PM UTC

Updated on

February 22, 2021 at 12:14 PM UTC

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The next phase of President Joe Biden’s legislative agenda is fast taking shape, with an economic-recovery package that will potentially far surpass his $1.9 trillion virus-relief plan in size, complexity and overall ambition.

The White House and congressional Democrats are busy plotting strategy for the proposal, which could be unveiled next month, kicking off a legislative process that may culminate by August.