The Biden administration’s $1.9 trillion stimulus plan faces GOP opposition — but the president isn’t backing down.
Here’s what determines how much economic aid Americans will receive in the coming months:
Biden's $1.9 trillion COVID-19 relief plan generated confusion and criticism. Some expected Biden to provide $2,000 direct payments on top of the $600 included in the last stimulus package.
Republicans, on the other hand, are concerned about growing government debt. The budget deficit swelled throughout President Donald Trump's term as Republicans enacted large tax cuts and spending increases.
Democrats could pass Biden’s stimulus plan without Republican support. Using budget reconciliation, Senate Democrats could pass the relief proposal with only 51 votes instead of a 60-vote supermajority required for most legislation. businessinsider.com/democrats-bide…
President Trump’s impeachment trial, which begins on February 9, could delay a quick passage of Biden’s rescue package.
A former GOP aide said it’s "really hard" for the Senate to balance impeachment and other legislative business. businessinsider.com/trump-impeachm…
Over 50 progressive Democrats have urged President Joe Biden to consider sending recurring stimulus checks to Americans.
Aside from direct-payment checks, a core part of Biden’s relief plan includes a $15 federal minimum wage. This could be life-changing for many workers:
Republicans have long opposed a $15 minimum wage. In his relief plan, Biden did not lay out a timetable for how quickly the wage bump would be phased in.
The tweets may be gone, but former President Donald Trump is still a main character. Fresh campaign finance filings illustrate how lucrative pushing the false claims of election fraud has been for the former president's future. businessinsider.com/where-is-donal…
There's a coup unfolding in Myanmar:
Civilian leader Aung San Suu Kyi and other top officials have been taken into custody by the military, which has declared a state of emergency for at least a year. businessinsider.com/myanmar-milita…
On Jan. 20, Kamala Harris (@VP) did what no woman before her had done: She put her hand on a bible and took the oath of office to serve as vice president of the United States.
We asked readers to reflect on this historic moment. Here's what they shared:
Florida resident Merissa Green said she was taking the day to "enjoy what our great grandmothers and ancestors never got the chance to see or be." She dressed up in pearls and Converse sneakers to commemorate Harris' inauguration.
Texas resident Janet Galbraith also wore pearls and Converse to honor Harris. “The hard work is not done,” she said.
An investigation into Instagram mega influencer Danielle Bernstein, a sobering opinion piece on the GameStop bubble, and more: Here’s a look at what Insider subscribers had access to this week. 👇
The rich keep getting richer: Billionaires made enough to pay for everyone’s vaccine during the pandemic, while workers lost $3.7 trillion.
How did we get here? 🧵
As stocks plummeted 37% in March 2020, 70% of small business aid went to large, publicly traded corporations. By June, a stock-market rebound made seven of the world's richest people even richer.
Women and younger workers were the hardest hit by employment losses. One million married women lost their jobs in September 2020 and Gen Z has become the most unemployed generation. businessinsider.com/workers-lost-3…
Despite the company’s progressive content, current and former employees for @ComedyCentral's creative team told Insider that the company is rife with discriminatory behavior.