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: Biden Suggests $ 2 Trillion Extra Spend: Report

President-elect Joe Biden is set to propose a $ 2 trillion increase in budget spending to help the U.S. economy weather the coronavirus pandemic, according to a published report.

CNN reported that Biden, due to speak Thursday in Wilmington, Delaware, will outline a proposal that will include more direct payments to American families and significant state and local funding. CNN's report delivered the rate of return for the 10-year US Treasury Department
TMUBMUSD10Y,
1.102%
higher.

The US lost 140,000 jobs in December, with the unemployment rate remaining at 6.7%, according to the Department of Labor.

Biden's proposal is far from law as the Democrats cannot afford to lose a single vote in the US Senate. West Virginia Senator Joe Manchin has already voiced his opposition to increasing stimulus checks to a total of $ 2,000 from the $ 600 already passed, although Florida Republican Marco Rubio is in favor of one Pronounced step.

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