Washington: After weak jobs data showed the US labor market recovery is stalling, President Joe Biden and his economic team on Friday hammered home the same message in meetings, interviews and television appearances: It’s time to get more money out to the economy.
Meeting with top Democrats from the US House of Representatives at the White House, Biden said the United States would not return to full employment at the current pace of job creation for 10 years, underscoring the need for lawmakers to act on his $1.9 trillion pandemic-related aid proposal.
“It’s people’s lives. Real-life people are hurting and we can fix it,” Biden told reporters. “When we help them we are also helping our competitive capacity,” he said. Biden is expected to push for more fiscal stimulus during a speech later on Friday.
Treasury Secretary Janet Yellen and Vice President Kamala Harris also will take part in a virtual discussion with members of the Black Chambers of Commerce to discuss the president’s rescue plan.