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President Biden blessed the plan to lower the income cap for Americans receiving checks of up to $1,400, a crucial concession to moderates whose backing is needed to pass the bill.

Supporters of a ‘hot’ economy see a chance to correct the mistakes of the last recession. Others see danger.

The president called it an “economic imperative” to provide more aid for millions of Americans who are struggling to make ends meet as the virus exacts a bruising toll.

The president-elect detailed plans for an initial effort to fight the coronavirus and a subsequent one to address economic recovery.

Despite new pandemic aid, he confronts an economic crisis unlike any since he last entered office in 2009. And political headwinds have only stiffened.

The president-elect said he would ask Congress soon after his inauguration to pass an additional coronavirus aid package with more money for firefighters, police officers and nurses.

Speaker Nancy Pelosi and Senator Mitch McConnell, the majority leader, have agreed to try to reach a deal that could be included in a must-pass spending measure.