Democrats on Tuesday brushed aside Republicans’ concerns about overheating the economy with the Biden administration’ s $1.9 trillion coronavirus relief bill, as Federal Reserve Chairman Jerome Powell signaled that the central bank won’ t pull back anytime soon on its own aggressive actions to aid the recovery.
Lauren Crawford Shaver, executive director of the Partnership for America’s Health Care Future, said she believes it is less likely that an expansion of government-run health care will happen this year, given the focus on pandemic relief in Washington.
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