Biden Signs Pair of Executive Orders Aimed at Economic Relief

Bloomberg Quicktake: Now published this video item, entitled “Biden Signs Pair of Executive Orders Aimed at Economic Relief” – below is their description.

On Friday, President Joe Biden signed a pair of executive orders that were meant to offer a quick dose of economic relief to an economy still being hammered by the coronavirus.

Both measures were largely stopgaps as Congress considers a $1.9 trillion stimulus plan from Biden.

“The bottom line is this: we’re in a national emergency, we have to act like we’re in a national emergency,” Biden said before signing the executive orders.

The orders aim to increase food aid, make it easier to claim government benefits, protect unemployed workers and point federal workers and contractors toward a $15 minimum wage.

Most economists believe the United States can rebound with strength once people are vaccinated from the coronavirus, but the situation is still dire as the disease has closed businesses and schools. Nearly 10 million jobs have been lost since last February, and nearly 30 million households lack secure access to food.

One of Biden’s orders asks the Agriculture Department to consider adjusting the rules for food assistance, so that the government could be obligated to provide more money to the hungry.

Children who are unable to get school meals because of remote learning could receive a 15% increase in food aid, according to a fact sheet provided by the White House. The lowest-income households could qualify for the emergency benefits from the Supplemental Nutrition Assistance Program. And the formula for calculating meal costs could become more generous.

The order also tries to make it easier for people to claim direct payments from prior aid packages and other benefits. In addition, it would create a guarantee that workers could still collect unemployment benefits if they refuse to take a job that could jeopardize their health.

Biden’s second executive order would restore union bargaining rights revoked by the Trump administration, protect the civil service system and promote a $15 hourly minimum wage for all federal workers. The Democratic president also plans to start a 100-day process for the federal government to require its contractors to pay at least $15 an hour and provide emergency paid leave to workers, which could put pressure on other private employers to boost their wages and benefits.

These orders arrive as the Biden White House has declined to provide a timeline for getting its proposed relief package through, saying that officials are beginning to schedule meetings with lawmakers to discuss the proposal.

As he left the White House State Dining Room Biden was asked what he thought of an impeachment trial for Donald Trump starting next week. “I haven’t heard the detail of it yet, but I do think that having some time to get our administration up and running,” he said.

Bloomberg Quicktake: Now YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Milley Defends China Calls After Book Cites Alarm Over Trump
  • Taliban Governor Says Afghan Girls Can Go to School Until 7th Grade
  • FDA Panel Rejects Pfizer Booster Plan, Mulls Narrower One
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Doctor holds counter-protest against demonstrators targeting hospitals
  • California’s Recall Election, Nicki Minaj’s Viral Vaccine Tweet: This Week’s News | The Tonight Show
  • International Day of Peace 2021 – António Guterres (UN Secretary-General)
  • Unvaccinated students urged to get Covid jab during freshers’ week
  • Tracking Australia’s COVID-19 vaccine rollout: September 18 | ABC News
  • In This Story: Donald Trump

    Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.

    5 Recent Items: Donald Trump

  • Security high for right-wing rally in Washington DC
  • New immigrant surge from Haiti should prompt Mayorkas impeachment: Miller
  • Tight security in Washington, DC ahead of rally for Capitol riot defendants
  • Security very tight around U.S. Capitol ahead of far-right rally
  • Georgia prosecutor quietly pursues case against Trump
  • In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • France recalls ambassadors to US, Australia over AUKUS submarine deal | DW News
  • Milley Defends China Calls After Book Cites Alarm Over Trump
  • UN Secretary-General on Climate Change, Afghanistan, U.S.-China
  • COVID-19: FDA panel backs Pfizer booster only for 65+, high-risk Americans
  • What President Joe Biden’s economic plan could mean for markets
  • President Joe Biden on his economic plan: The wealthy play by a different set of rules
  • In This Story: Minimum wage

    Minimum wage is the concept, in some jurisdictions enshrined in law, that employees should earn a minimum amount per hour worked.

    3 Recent Items: Minimum wage

  • Canada election 2021: NDP leader Jagmeet Singh makes remarks on 1st day of campaign | FULL
  • Women shoulder the burden of full-time caregiving for little to no pay
  • Modern slavery accusations re-surface among textile workers in Leicester
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.