Biden's rescue plan

Explain It to Me

Vox Media Podcast Network

Politics, Society & Culture, Education, News

4.4 • 8K Ratings

🗓️ 20 January 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vox business and politics reporter Emily Stewart joins Matt and Dara to unpack what's in Biden's giant stimulus package, and to examine how the new Congress will handle the massive imperatives of economic recovery, on the eve of the commencement of the Biden administration. Resources: "Joe Biden's $1.9 trillion Covid-19 stimulus plan, explained" by Emily Stewart, Vox (Jan. 14, 2021) "Legislative Process 101 — The Senate's Byrd Rule" White paper Hosts: Matt Yglesias (@mattyglesias), Slowboring.com Dara Lind (@DLind), Immigration Reporter, ProPublica Emily Stewart (@EmilyStewartM), Business and Politics Reporter, Vox Credits: Erikk Geannikis, Editor and Producer. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	We live in a colonial fiefdom, it's fine. I know that colonialism is the mark the same thing don't at me.
0:19.7	Hello, welcome to another episode of the Weeds on the Vox Media Podcast Network. I'm Matthew Glacias here with ProPublica's DaraLand, Vox's Emily Stewart.
0:27.7	We wanted to talk about Joe Biden's economic plan for America, which is big. It's really big.
0:37.2	$1.9 trillion. It's even bigger than $1.9 trillion. I felt this got a little obscured in some of the coverage.
0:47.3	But they said very clearly, this is meant to be one bill that there will then be a sequel bill,
0:53.8	which their official recounting of it is that there's rescue and then there's recovery.
0:59.5	The reality is I understand it is there's stuff that they feel the tires have been kicked on,
1:05.1	reasonably well in Congress, and there's stuff they're still kind of arguing about internally.
1:09.9	But either way, this is like, it's a lot. Emily, you were a great explainer on what's in this bill.
1:17.6	So what is in the bill?
1:19.4	Yeah, so I mean, it's called the American Rescue Plan. So as you said, this feels like the first part of two parts of this.
1:27.0	But basically, if you think about it, it's divided up into three buckets.
1:30.1	So $400 billion for kind of dealing with coronavirus, including vaccines and testing,
1:36.1	$1 trillion in direct relief to families. And so that includes those stimulus checks that everybody
1:41.4	has heard about a lot. And then another $400 billion in age communities and businesses.
1:46.9	So that's staying locally and things like that. As you say, it is big.
1:51.5	A lot of stuff in it. Some of the top line things that you hear about a lot are unemployment insurance.
1:58.0	So what it would do would be to add the federal weekly benefit through September and make it $400.
2:05.3	Right now, it's $300 through about mid-March. And it would again have those stimulus checks
2:11.3	making the $600 that everybody got or is getting into 2000. It's not an extra 2000. It is an extra
2:19.2	$1400, which I think there's been some confusion about. But it's an extra $1400.
2:24.6	So the the the $600, $1400, $2000, that attracted a lot of attention on Twitter
	...

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