Massive $1.9 Tr. American rescue plan to affect markets
by Stephen Flood
The Biden Administration’s policies are positive for gold and silver prices. The $1.9 trillion – American Rescue Plan released on January 14 is just the beginning of spending initiatives. The plan is chocked full of both direct spending initiatives to combat the negative economic effects of the coronavirus, but also has sprinklings of campaign promise initiatives the administration will focus on getting passed.
An overview of the proposed American Rescue Plan:
$1 trillion in direct aid to families including: a $1400 per-person check to most Americans; provide rental, food, childcare, healthcare, and utility assistance; expand paid leave and extend the unemployment benefit through September and increase it to an extra $400 per-week supplement; and expanded financial assistance to university students.