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Jan 21, 2021

On Day 2, Biden takes aim at COVID

Biden will implement one tool for fighting COVID-19 that the previous administration used sparingly: the Defense Production Act. Plus, why some banks are lending less during the pandemic. And, the economic landscape in the U.S. as Biden takes office.

President Joe Biden prepares to sign a series of executive orders at the Resolute Desk in the Oval Office just hours after his inauguration on Jan. 20, 2021 in Washington. — President Joe Biden prepares to sign a series of executive orders at the Resolute Desk in the Oval Office just hours after his inauguration on Jan. 20, 2021 in Washington.
Chip Somodevilla/Getty Images

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Segments From This Episode

Biden, in fight against COVID, will invoke Defense Production Act to boost supply chains
The Defense Production Act gives the federal government the power to compel private companies to make certain supplies. Marketplace’s Nova Safo has more.
Some banks are lending less in an uncertain economy
by Justin Ho
Andrew Caballero-Reynolds/AFP via Getty Images
Many businesses are nervous about borrowing right now. And banks aren’t earning much on the loans they are making.
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Inside the economy President Biden inherits
by Sabri Ben-Achour and Rose Conlon
Joe Raedle/Getty Images
How will the Biden administration approach a sharply unequal recession amid the COVID-19 pandemic?
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Music from the episode

The Team

On Day 2, Biden takes aim at COVID