Biden outlines major points of recovery plan during his address
Biden outlined the major points of his rescue plan: a $1.9 trillion proposal that includes a nationwide vaccination program, $1,400 checks for individuals, an extension and expansion of unemployment benefits and help for struggling communities and businesses.
Biden placed particular emphasis on housing and food insecurity and spoke about expanding SNAP benefits. He said his policy plan would extend the eviction and foreclosure moratorium, potentially previewing an executive action we could see next week. He also asked Congress to appropriate funds for rental assistance.
Biden, who preached bipartisanship while on the trail, said both he and Vice President-elect Harris had spoken with officials, mayors, and governors of both parties on a regular basis to address the problems across the country.
The president-elect also emphasized his plan's focus on helping small businesses and minority-owned businesses in particular, criticizing the Trump administration's initial approach which he said favored the wealthy and well-connected.
"Last week, I laid out how we'll make sure that our emergency small business relief is distributed swiftly and equitably, unlike the first time around. We're going to focus on small businesses, on Main Street. We'll focus on minority-owned small businesses, women-owned small businesses, and finally having equal access to the resources they need to reopen and to rebuild," Biden said.
He also pushed his plan for a mandatory federal minimum wage of $15 an hour.
"People tell me that's going to be hard to pass. Florida just passed it, as divided as that state is, they just passed it. The rest of the country is ready to move as well," he said. "No one working 40 hours a week should live below the poverty line. And that's what it means. If you work for less than $15 an hour and work 40 hours a week, you're living in poverty."
He frankly noted the "bold, practical" policy he was putting forward did not come cheap but argued there was no option to act.
"I know what I just described does not come cheaply. But failure to do so will cost us dearly," he said. "The consensus among leading economists is we simply cannot afford not to do what I'm proposing."
Biden ended his remarks with a call for unity and optimism, referencing his inauguration on Wednesday as a "new chapter for the country."
-ABC News' John Verhovek, Molly Nagle, Averi Harper and Beatrice Peterson