On Day 2, Biden takes aim at COVID
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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.
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.
Many businesses are nervous about borrowing right now. And banks aren't earning much on the loans they are making.