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Capitol Report: Biden hits road to highlight rescue plan’s impact

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Panorama of a city business district with office buildings and skyscrapers and superimposed data, charts and diagrams related to stock market, currency exchange and global finance. Blue line graphs with numbers and exchange rates, candlestick charts and financial figures fill the image with a glowing light. Sunset light.

President Joe Biden will visit a small business in the battleground state of Pennsylvania on Tuesday, in the first of two trips this week to play up the impact of the $1.9 trillion COVID-19 aid package.

Days after signing the bill into law, Biden will visit Chester, Pa., to “highlight how the American Rescue plan helps small businesses,” the White House said.  

The visit is part of a campaign to promote the new law, an effort that will also see Biden appear on ABC’s “Good Morning America” on Wednesday and visit Atlanta on Friday. Biden won both Georgia and Pennsylvania in last year’s election.

Biden is hitting the road as $1,400 stimulus checks from the massive aid package passed by Congress last week begin to arrive in accounts, and more are on the way. The new law also extends the child tax credit and extends enhanced unemployment benefits.

Read: When will you get your $1,400 stimulus check? Some payments already arrived, but many to hit Wednesday

The relief plan was popular with voters, including Republican voters even though no Republicans voted for it in Congress. House GOP Leader Kevin McCarthy called the bill “a laundry list of left-wing priorities that predate the pandemic and do not meet the needs of American families.”

Now see: What do Republican voters think of Biden’s $1.9 trillion COVID-19 relief bill? Their views may surprise you

Vice President Kamala Harris and her husband, Doug Emhoff, will also be promoting the relief plan on Tuesday also, visiting a vaccination clinic in Colorado and participating in a listening session with small business owners.

The Dow Jones Industrial Average
DJIA,
-0.38%

was off more than 100 points Tuesday, while the S&P 500
SPX,
+0.09%

rose about 7 points and the Nasdaq Composite
COMP,
+0.89%

climbed 152 points, as investors were sifting through U.S. February retail sales figures and other economic data and a two-day policy meeting of the Federal Reserve was set to get under way.

Read: Market Snapshot

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