Economist Podcasts Reconciled to it: America’s stimulus bill
Mar 9, 2021
Idris Kaloun, The Economist's Washington correspondent, discusses the $1.9 trillion COVID relief bill's journey through Congress and its implications for future legislation in the Biden administration. Kinley Salmon, the Africa correspondent, delves into the political unrest in Senegal, sparked by the arrest of opposition leader Ousmane Sonko, highlighting the social issues at stake. Together, they explore the intersection of politics and civic expression amidst a backdrop of shifting power dynamics in both the U.S. and Senegal.
AI Snips
Chapters
Transcript
Episode notes
Republican Delay Tactics
- Republicans attempted to stall the bill's passage by forcing a full reading and numerous amendment votes.
- One vote on the minimum wage lasted 12 hours, the longest in Senate history.
Key Bill Changes
- Two main changes between the House and Senate versions of the bill were the removal of the minimum wage increase.
- The unemployment benefits remained at $300 per week, not the proposed $400.
Child Tax Credit
- The bill includes a significant increase to the child tax credit.
- It is expected to halve child poverty within the year.