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World Business Report: First broadcast 08/03/2021 01:06 GMT : US on the brink of historic stimulus

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US on the brink of historic stimulus

First broadcast 08/03/2021 01:06 GMT 

First broadcast 08/03/2021 01:06 GMT : US on the brink of historic stimulus

BBC World Service - World Business Report, US on the brink of historic stimulus

$1.9tn stimulus bill aims to lift millions out of poverty

US Senate approves historic boost to pandemic-hit economy.

President Biden has hailed a Senate vote to approve his Covid recovery plan as a giant step towards providing desperately needed help to the American people. The bill is worth nearly $2 trillion and will return to the House of Representatives for approval within days. The BBC's Peter Bowes give his analysis of why the bill is being viewed as historic and why it failed to get Republican support. Chinese exports have had a record breaking first two months of the year, the economist Michael Hughes explains the significance meanwhile as oil and other commodity prices continue to surge, Caroline Bain of Capital Economics urges caution. And on International Women's Day, The Economist's 'Glass Ceiling Index' finds that Scandinavia is where women have the best chances of equal treatment in work.
(Image: U.S. President Joe Biden tours Houston Food Bank in Houston, Texas, Credit: Reuters)

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First broadcast 08/03/2021 01:06 GMT : US on the brink of historic stimulus

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