Summary List Placement

The debate around passing President Joe Biden’s $1.9 trillion aid proposal is a simple one.

Democrats argue the hole in the economy is so big that it warrants spending nearly $2 trillion, on top of the $3 trillion spent last March and the $900 billion spent late in Trump’s term. Republicans point to all the relief the government has already provided, and say the economy can recover with a much smaller boost. If you overdo it, they say, spending so much could take inflation to worrisome levels.

But there’s a third player in the debate: the Wall Street investment banks details ⇒

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