BALTIMORE – To pay out his coronavirus relief package, President Joe Biden must spend an average of $3.7 billion every day for the rest of this year.
That’s $43,000 every second of every day until midnight chimes on 2022. For the amount of time that readers took to reach this sentence, Biden needs to disburse nearly $800,000 to stay on track.
That's according to Congressional Budget Office estimates, and even then, the Biden administration would still have plenty of the $1.9 trillion to spend in later years as a vaccinated country battles back to economic health.
The president signed the aid package into law Thursday without a comprehensive plan in place to distribute all of the funds, which will be a core focus of the administration in