Concern is growing among some economists about President Joe Biden’s rash of federal spending proposals intended to bolster the pandemic-hit economy.
Biden’s $1.9 trillion relief package put $1,400 checks in the pockets of most people, and while the president has touted federal spending as a major factor that is pulling the United States out of its recession, some experts perceive that notion to be overblown. They contend that because the economy is improving more rapidly than expected, it is unwise to keep pushing for massive federal spending.
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