Congressional Democratic leaders commended Biden's announcement outlining his COVID-19 emergency relief proposal.

"The emergency relief framework announced by the incoming Biden-Harris Administration tonight is the right approach. It shows that Democrats will finally have a partner at the White House that understands the need to take swift action to address the needs of struggling communities," House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said in a statement.

"We will get right to work to turn President-elect Biden's vision into legislation that will pass both chambers and be signed into law," they added.

"The robust package announced by President-elect Biden and Vice President-elect Harris shows we now have the necessary leadership in the Executive Branch to turn this around and we are ready to get to work to deliver aid without delay," Pelosi and Schumer said.

-ABC News' Mariam Khan

Biden will propose a $1.9 trillion, “American Rescue Plan" to address the ongoing COVID-19 vaccination effort and immediate economic need to Americans in evening remarks, transition officials disclosed on a call with reporters Thursday.

According to officials on the call, the rescue policy is only one part of Biden’s overall policy, with a “recovery” phase expected to be introduced in February. They said Biden’s rescue policy will include three components: Tackling vaccine distribution, ramping up testing and getting kids back in school within the first 100 days of his administration; delivering $1,400 per-person direct stimulus checks and expanding unemployment benefits, including $400 weekly benefit through September on top of state benefits; and delivering aid to states and communities to support small businesses, addressing housing insecurity by expanding the eviction and foreclosure moratorium through Sept. 2021.

More than $1 trillion of the $1.9 trillion price tag will be used for direct stimulus, officials said, while $400 billion will go toward COVID-19-related projects, including the nationwide vaccination program, and $440 billion will go toward relief for communities and businesses.

Biden will also call for Congress to provide $350 billion for state local and territorial governments, an effort to keep essential workers on the job.

If enacted, it would be one of the largest and most expensive economic stimulus packages in U.S. history.

-ABC News Molly Nagle, John Verhovek, Beatrice Peterson and Averi Harper

Ahead of Biden's inauguration and in the wake of last week's attack at the Capitol, the United States Capitol Police (USPS) has enhanced security measures across the Capitol Complex, including adding fencing and making several street closures until further notice, the agency announced Thursday.

"Be advised that the U.S. Capitol Complex is closed to the public, and the Capitol Grounds will not be accessible to the public on January 20, 2021.  Anyone attempting to unlawfully gain access to the Capitol Grounds by climbing a fence or any other unlawful means will be subject to an appropriate use of force and arrest," the USPS said in a statement.

Workers were seen installing barbed wire on security fencing surrounding the Capitol on Thursday afternoon as National Guard troops, some armed, patrolled the area. As National Guard troops continue flowing into the area, there are currently over 7,000 currently stationed in Washington with that number expected to grow to 20,000 over the weekend.

-ABC News' Jake Date and Luis Martinez

House Minority Leader Kevin McCarthy, R-Calif., does not support efforts to remove Rep. Liz Cheney, R-Wyo, as House GOP conference chair and a member of House GOP leadership, a McCarthy spokesman told ABC News. This comes after some conservative House Republicans called on her to step down following her announcement that she supported impeaching Trump.

The Wyoming Republican and daughter of former Vice President Dick Cheney is the highest-ranking woman in Republican leadership and was reelected to by GOP members at the start of this Congress.

"We ought to have a second vote," Rep. Jim Jordan, R-Ohio, told reporters Wednesday about the leadership position. "The conference ought to vote on that."

"She should not be serving this conference," Rep. Andy Biggs, R-Arizona, said Tuesday.

On Wednesday night she joined nine other House Republicans in breaking from the party and voting to impeach Trump for his role in last week's riot at the Capitol.

-ABC News' Benjamin Siegel

The FBI, DHS, Secret Service and U.S. Capitol Police, along with several local law enforcement agencies, have issued an extensive "threat assessment" surrounding Wednesday's inauguration.

It covers a range of threats surrounding the inauguration, including not only physical threats from domestic terrorists but also influence campaigns from Russia, China and Iran stemming from the Capitol siege. It even covers physical threats from drones.

The memo says domestic extremists is the “most likely” threat to the inauguration, citing recent incidents of ideologically motivated violence, including the deadly mob at the U.S. Capitol building.

Regarding foreign concerns, the assessment said that since the incident at the Capitol, “Russian, Iranian, and Chinese influence actors have seized the opportunity to amplify narratives in furtherance of their policy interest amid the presidential transition.”

“We have not identified any specific, credible information indicating that these actors intend to explicitly commit violence,” it added. “Furthermore, we have not identified any specific, credible cyber threat to critical infrastructure supporting the upcoming Presidential Inauguration nor a specific credible cyber threat to military or law enforcement personnel supporting the event."

The memo did say, however, that Russian state media has “amplified themes related to the violent and chaotic nature of the Capitol Hill incident, impeachment of President Trump, and social media censorship.”

Iranian state media has “continued to stoke claims that President Trump encouraged and incited the violence, as well as calls to invoke the 25th amendment,” the memo added. It has also “amplified perceived concerns related to President Trump’s mental health and the prospect of other risky actions he could take before leaving office.”

Finally, it noted that Chinese media has “seized the story to denigrate US democratic governance -- casting the United States as broadly in decline -- and to justify China’s crackdown on protestors in Hong Kong."

Lastly, the memo warned that drones could disrupt law enforcement operations at the inauguration, though it added that it does not have “specific, credible information” indicating malicious actors have plans to use unmanned aircraft systems to target the event.

-ABC News’ Mike Levine