The economic crisis in the United States caused by the coronavirus pandemic is only deepening, so decisive and urgent measures are needed. This was announced on January 22 by the President of the United States Joe Biden.
“We need to act, we need to act now. We must act boldly and decisively “, – quotes his words TASS…
Earlier that day, the head of the White House National Economic Council, Brian Deese, said that the US authorities must take urgent measures to stimulate the economy in the face of the COVID-19 pandemic, otherwise they will have to get out “from an even deeper pit.”
After Biden took office on January 20, the White House named the main priorities in his post, including the fight against the spread of coronavirus and the economy.
The next day, the American leader unveiled a national strategy to combat the pandemic “based on scientific evidence, not policy.” He also signed a decree invoking the wartime production law to fill the shortage of goods needed to fight COVID-19.
A law passed in 1950 allows the US federal government to require private companies to accelerate the production and supply of goods in order to fill their deficit in an emergency.