Gene Sperling to oversee $1.9 trillion stimulus


The White House declined to comment, and Sperling did not immediately respond to a request for comment.

Sperling served as the director of the National Economic Council, a White House office, during the Clinton and Obama administrations, and he served as an economic adviser for Biden’s campaign.

Sperling had been considered a possible candidate to serve as director of the Office of Management and Budget after Neera Tanden withdrew her nomination, but the White House instead will tap him to oversee the American Rescue Plan. Biden signed the bill into law on Thursday after it passed the House and Senate without any Republican support.

The package includes $1,400 stimulus checks for millions of Americans, child tax credits, state and local aid, money to help schools to reopen and funds to aid in distributing the vaccine.

Biden himself served a similar role under President Barack Obama, overseeing the implementation of Obama’s $787 billion stimulus package as the nation was recovering from the economic collapse of 2008. The president often cites that experience when discussing the importance of accountability when stimulus funds are spent.

Sperling’s role could be crucial to the public’s assessment of the relief package and ultimately the Biden presidency. With a flood of nearly $2 trillion in government spending, problems and mistakes are always a possibility, and Republicans will be on the lookout for examples of misspent funds.

The federal government could face hurdles in administering the programs because of the sheer scale of the package, one of the largest economic relief programs in American history. Much of the work will fall to the Internal Revenue Service, which will need to handle the distribution of expanded child tax credits.

Americans have already started to receive stimulus checks through direct deposit, but the other elements of the relief could take months to dole out. One signal of the challenges that lie ahead: Billions of dollars from relief packages passed under the Trump administration still have not been distributed.

Jeff Stein contributed to this report.



Read More: Gene Sperling to oversee $1.9 trillion stimulus

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

mahjong slot

Live News

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.