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Biden and Yellen meet with the CEOs of JPMorgan, Walmart, Hole

President Joe Biden and Vice President Kamala Harris will meet with Treasury Secretary Janet Yellen in the Oval Office of the White House in Washington, USA on January 29, 2021.

Kevin Lemarque | Reuters

President Joe Biden will meet with the executives of some of the country’s largest corporations in the Oval Office on Tuesday to discuss his $ 1.9 trillion stimulus plan and the outlook for the American economy.

Expected meetings with Biden and Treasury Secretary Janet Yellen include Jamie Dimon from JPMorgan, Doug McMillon from Walmart, Sonia Syngal from Gap, Marvin Ellison from Lowe and Tom Donohue from the US Chamber of Commerce.

Although the exact agenda for the afternoon meeting was not immediately available, the White House said the group will review the “critical need” for Biden’s massive bailout plan currently making its way through Congress.

The White House did not immediately respond to a request for an agenda.

Still, the star-studded cast of American industry is likely to push the White House on its plans to make more Covid-19 vaccines available to workers on the size, scope and importance of another round of stimulus checks and one Minimum wage of $ 15 would impact payroll.

The meeting comes when the Congress Democrats attempt to pass Biden’s American bailout plan using a budgetary instrument known as reconciliation that would allow the party to develop the big ticket plan through Capitol Hill without GOP support.

Although the Biden administration has been optimistic for weeks that its plan could be passed bipartisan with the 60 votes required for reconciliation, the Republican backlash on the size of the bill appears to have ended any prospect of an acceptable solution.

“The president – his first priority is to give relief to the American people,” White House press secretary Jen Psaki said Monday. “Again, I don’t think Americans are particularly concerned about how direct relief gets into their hands. If [reconciliation] If this is the process it is moving forward that seems likely at this point, the President would surely support it. “

Meanwhile, senior House Democrats suggested Monday night that the $ 1,400 stimulus payments be sent to individual Americans with annual incomes up to $ 75,000. That move opposed an earlier call to tailor the benefits to those on lower incomes, backed by West Virginia conservative Democrat Joe Manchin.

Senator Bernie Sander, independent from Vermont, told CNN over the weekend that he was supporting a “strong cliff” on payments so that checks are not allocated to high-income households but are warned about excluding too many families.

“That’s what I support, that’s what most people understand,” Sanders said, the payments expire faster. “But to tell a worker in Vermont, California or elsewhere that if you make $ 52,000 a year you are too rich to get this aid, the full benefits, I find it absurd.”

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