U.S. President Joe Biden speaks about his administration's plans to respond to the economic crisis in Washington on Jan. 22, 2021.JONATHAN ERNST/Reuters
U.S. President Joe Biden is scheduled later on Tuesday to meet with chief executives of JP Morgan Chase, Walmart, Gap Inc., and Lowe’s Companies as well as the Chamber of Commerce, a top business lobby, the White House said on Tuesday.
Biden and the executives, who will also be joined by Vice President Kamala Harris and Treasury Secretary Janet Yellen for the 1:45 p.m. gathering, will discuss Biden’s coronavirus recovery plan, known as the American Rescue Plan, the White House said.
Biden’s fellow Democrats in Congress approved a budget outline that will allow them to muscle the stimulus through in the coming weeks without Republican support.
Data on Friday showed U.S. employment growth rebounded only moderately in January and job losses in the prior month were deeper than initially thought, strengthening the case for a sizable relief package from the government to aid the recovery from the COVID-19 pandemic.
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