If President-elect Joe Biden gets his way, Americans will soon see more stimulus checks, extended unemployment benefits, and a boosted federal minimum wage in the midst of a shattered economy that’s pushed some households to the brink of financial calamity. 

Biden, who’ll take office next week in a time of immense economic and political upheaval, outlined his expansive $1.9 trillion economic proposal Thursday night, which he called the “American Rescue Plan.” The announcement...

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