Biden signs $1.9 trillion COVID relief bill

Marking a year of loss and disruption, President Joe Biden on Thursday signed into law the $1.9 trillion relief package that he says will help the U.S. defeat the coronavirus and nurse the economy back to health. (March 11)

Video Transcript

JOE BIDEN: In the weeks that this bill has been discussed and debated, it is clear that an overwhelming percentage of the American people, Democrats, independents, our Republican friends, have made it clear-- the people out there made it clear they strongly support the American Rescue Plan.

Yesterday, with the final passage of the plan in the House of Representatives, their voices were heard and reflected in everything we have in this bill. And I believe this is-- and most people, I think, do as well-- this historic legislation is about rebuilding the backbone of this country and giving people in this nation, working people, middle class folks, people who built the country a fighting chance. That's what the essence of it is.

And I'm going to have a lot more to say about that tonight and the next couple of days and be able to take your questions. But in the meantime, what I'm going to do is sign this bill and make the presentation tonight. And then there's going to be plenty of opportunities. We're going to be on the road, not only talking about what I'm talking about tonight, is the impact on the virus and how we're going to end this pandemic. And we're going to talk all the elements of the bill beginning on Friday, Saturday, through the week. So thank you for being here.

Thank you all. Appreciate it.