On Sunday, Democrats sought to lower expectations for a quick economic recovery, even with major government intervention to stimulate the economy and save financial institutions.
“We’re off and running, but it’s going to get worse before it gets better,” Biden said of the economy.
Republicans want the recovery package tilted more toward tax cuts and have questioned whether government spending programs will revive the economy in the short-term.
“I just think there’s a lot of slow-moving government spending in this program that won’t work,” House Republican leader John Boehner of Ohio said. “We can’t borrow and spend our way back to prosperity.”
The administration has pledged to spend three-quarters of the proposed money in the first 18 months after it is approved.