Jon Lieber, Managing Director of the United States for the Eurasia Group, shares his perspective on the historic American Relief Act:

The American Relief Act just passed. Joe Biden's big $1.9 trillion stimulus has now passed the Senate and the House of Representatives and is on its way to the president's desk to be signed into law. This is a massive, historic piece of legislation on top of already $3 trillion in stimulus that Congress has provided to respond to the novel coronavirus. Here's another almost $2 trillion, that two thirds of which will be spent in this calendar year.