U.S. Economic Challenges for the Biden Administration
U.S. Economic Challenges for the Biden Administration

Author(s): Paweł Markiewicz
Subject(s): Politics, National Economy, Economic policy, International relations/trade, Health and medicine and law
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: USA; Biden; economic policy; challenges; foreign policy; COVID-19;
Summary/Abstract: The U.S. economy is emerging from the recession caused by the COVID-19 pandemic. To maintain growth and at the same time achieve climate and technology goals, the Biden administration is pushing large socio-economic programmes. To pass them in Congress, the administration will be forced to reach compromises with factions within the Democratic Party. Biden also will need some Republican support. In foreign policy, these programmes aim to strengthen the U.S. position in its rivalry with China, something that also opens greater possibilities for closer cooperation with the EU.

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