Will Biden's Stimulus fail | President Joe Biden, Stimulus, America, economy, America Rescue Plan

On March, President Biden enacted a $1.9 Trillion stimulus to kickstart a US economy recovering from Covid-19, with its main feature being a $1400 check being sent to everyone below a certain income threshold. Named the American Rescue Plan, it will extend unemployment benefits to September, raise the annual child tax credit from 2000 to 3600 dollars, incentivise employers to give paid sick leave and provide money to testing centres, vaccine campaigns, schools, universities, businesses, and local governments.

Sources:
BBC article: https://www.bbc.co.uk/news/business-56019033
The Conversation article: https://theconversation.com/joe-bidens-us-1-9-trillion-stimulus-wont-be-enough-to-reignite-world-economy-on-its-own-157252
Al Jazeera article 1: https://www.aljazeera.com/economy/2021/3/9/spend-or-save-will-bidens-stimulus-cheques-boost-the-economy
Al Jazeera article 2: https://www.aljazeera.com/economy/2021/2/4/would-bidens-1400-stimulus-cheques-boost-the-us-economy
People saved previous stimulus checks/Newsweek: https://www.newsweek.com/most-saved-paid-debt-first-two-stimulus-checksexperts-expect-same-bidens-1400-1574920
2008 tax rebate paper summary: https://www.nber.org/digest/mar09/did-2008-tax-rebates-stimulate-spending
Download the 2008 tax rebate paper here: https://www.nber.org/papers/w14753
Guardian article: https://www.theguardian.com/commentisfree/2021/mar/14/the-guardian-view-on-the-biden-stimulus-a-historic-moment
Personal Saving Rate by Month: https://www.bea.gov/data/income-saving/personal-saving-rate
Personal Saving Rate Graph: https://fred.stlouisfed.org/series/PSAVERT

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