First on CNN: Biden's Covid plan gets backing from more than 150 top business leaders

[DonViejo]

Source: CNN



By Phil Mattingly, CNN

Updated 1125 GMT (1925 HKT) February 24, 2021

(CNN) - More than 150 senior executives from some of the largest American companies across several major industries have lined up behind President Joe Biden's $1.9 trillion coronavirus relief package, according to a letter obtained by CNN.

The group of executives includes the top executives representing some of the powerful business interests in the US, ranging from bank and investment firms like Goldman Sachs and Blackstone, to technology companies like Google, Intel and IBM, to hospitality companies like Loews Hotels & Co. and airlines including American and United Airlines. Top executives from real estate, insurance and utility firms also signed on to the letter.

"Previous federal relief measures have been essential, but more must be done to put the country on a trajectory for a strong, durable recovery," the executives wrote in the letter addressed to bipartisan congressional leaders that will be sent Wednesday. "Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration's proposed American Rescue Plan."

Biden, over the course of his first month in office, has relentlessly pressed lawmakers to pass his cornerstone legislative proposal, which includes funding for schools, vaccine distribution and infrastructure, states and localities, direct payments and extensions of expiring unemployment insurance programs.

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[PSPS]

1. The plan has enormous bipartisan support everywhere except in the minority-ruled senate