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Biden unveils $1.9T ‘American Rescue Plan’ with $1,400 stimulus checks, various other COVID relief

President-elect Joe Biden rolled out a sweeping $1.9 trillion coronavirus rescue proposal Thursday that would bankroll $1,400 stimulus checks to most U.S. taxpayers and provide billions of dollars in more relief for unemployed workers, small businesses and states in a bid to steady the country’s pandemic-ravaged economy.

The so-called “American Rescue Plan” — which marks Biden’s opening salvo in the stimulus talks that are set to resume on Capitol Hill after his inauguration on Wednesday — even includes a provision to raise the federal minimum wage to $15-per-hour, reflecting the president-elect’s confidence as he prepares to take office with Democratic control of both chambers of Congress.

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