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Biden is open to strengthening the coronavirus package

White House Press Secretary Jen Psaki told reporters Monday that the President of the United States, Joe Biden, is keen to strengthen the coronavirus package, Reuters reported.

Additional statements

“Biden’s meeting with Republican senators is not a forum for Biden to make or accept an offer.”

“Biden’s view is that the size of the coronavirus package should be commensurate with the crises we face.”

“Biden clearly believes that the coronavirus aid package should be closer to his $ 1.9 trillion proposal than the offer made by Republican senators.”

Market reaction

Risk flows continue to dominate financial markets after these comments. At the time of writing, the S&P 500 index it was up 1.52% on the day at 3,770.

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