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Biden to announce trillions of dollars in coronavirus relief next week

US President-elect calls for raising the minimum wage to $15 and for sending out $2,000 in direct cash payments.

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Joe Biden says Americans need more in 'direct relief'.

Trevor Hunnicutt | Reuters Wilmington, Delaware
US President-elect Joe Biden said Americans need more economic relief from the coronavirus pandemic now and that he will deliver a plan costing "trillions" of dollars next week.

Biden, introducing several members of his economic team, spoke on Friday after data showed the U.S. economy lost jobs for the first time in eight months in December as a resurgent Covid-19 pandemic shuttered restaurants and other businesses.

He said the proposal includes relief for state and local governments grappling with the pandemic, as well as new support for people who lost their jobs or cannot afford rent.

Biden also called for raising the minimum