How much money is Biden setting aside for his global vaccination effort?

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On this day in 1981, Ford shared that it had endured a huge loss during the previous year. Just how much money did the company lose?

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Stock futures rose this morning, after all three major benchmarks endured their worst performances of the month yesterday.

Meanwhile, the world’s largest digital currency, which Treasury Secretary Janet Yellen described as a “highly speculative asset,” nearly surpassed $53,000 a unit this morning.

Yellen is again pushing for President Joe Biden’s big stimulus, saying “the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run.”

Democratic lawmakers hope that they can push this legislation through Congress in less than a month.

And Biden today will announce his plan to earmark $4 billion for international vaccinations (more on that story, below).

Also, during the much-anticipated GameStop hearing yesterday, the CEO of Citadel defended a controversial money-making practice.

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How much money is Biden setting aside for his global vaccination effort?

Image Source: Reuters

The U.S. will earmark $4 billion for the global vaccine effort, President Joe Biden is expected to announce today during a virtual G-7 meeting. The hope is that this commitment encourages other leaders to follow suit.

“This pandemic is not going to end unless we end it globally,” said an official. “But pandemics travel [and] the more disease that’s out there, the more likely we are to see additional mutations and variants.”

The funds that will be allocated to this effort were originally a part of the virus relief package that was passed by lawmakers in December, and officials are emphasizing that American vaccinations continue to be the “highest priority.”

“In addition to saving a lot of lives…it’s also the right thing to do from a national security and economic perspective to benefit everyone in America,” an official said.

What else should you know about the plan, going forward?

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Fedrick Frost

Fedrick Frost

News Reporter for Morning Bullets, Writes on Politics, Economy, Business & More. Intrested in sharing news With Fredrick? Click Here

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