[The stream is slated to start at 1:45 p.m. ET. Please refresh the page if you do not see a player above at that time.]
President-elect Joe Biden is predicted to supply responses Monday afternoon on the point out of the U.S. financial state and how he and his administration approach to fight Covid-19 and restore business enterprise to pre-pandemic amounts.
Vice President-elect Kamala Harris is also scheduled to offer you remarks on the Biden team’s economic technique when both of those politicians communicate from Wilmington, Delaware.
The responses will occur just hrs right after the two sat for a joint meeting with labor union leaders and the chief executives of major tech, retail and automobile corporations.
Leaders predicted to attend contain Standard Motors CEO Mary Barra and Microsoft president and CEO Satya Nadella. Labor leaders predicted at the assembly consist of AFL-CIO president Richard Trumka and SEIU president Mary Kay Henry.
According to a changeover staffer, the objective of the assembly will be to “talk about the economic recovery and building back again greater in the long expression.”
The Biden marketing campaign for months has identified as on Congress to lengthen the improved unemployment advantages enacted by the $2 trillion CARES Act in March.
Other economists and policy leaders, this sort of as Federal Reserve Chairman Jerome Powell, have warned that the enterprise recovery could plateau or relapse if Congress is unable to backstop People until eventually coronavirus vaccine is extensively available.
Gridlock amongst the Trump White Property, Senate Republicans and Dwelling Democrats have all but sunk prospects of a important stimulus package deal ahead of the new yr.
— CNBC’s Christina Wilkie contributed reporting.