Diane Swonk, chief economist at Grant Thornton LLP, said the extra fiscal support was badly needed but might be difficult to pass.
“There’s a reality check that it’s a slim majority in the Senate,” said Swonk, referring to the fact that Democrats will only control the chamber after Biden’s inauguration due to the vice president’s power to break its 50-50 partisan split. Biden’s proposal, she added, may prove “aspirational.”
This article was provided by Bloomberg News.