Even as the American economy rebounds from the lockdown-induced recession, the Biden administration is doubling down on federal spending.
In March — at which point the economy was already nearing a full recovery — Biden approved the $1.9 trillion American Rescue Plan. Currently, Democrats are attempting to pass a $3.5 trillion — or, by some estimates, $5.5 trillion — reconciliation bill that combines portions of the $2.7 trillion American Jobs Plan and $1.8 trillion American Families Plan.
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