Joe Biden is expected to highlight a new Treasury department-wide initiative Tuesday that will help the U.S. government keep its money flowing in a “new way” to combat the pandemic.
Biden will deliver the keynote address at a budget hearing that begins Tuesday in the House of Representatives.
The initiative will be a centerpiece of his plan to create 100,000 jobs over the next five years.
He also plans to create at least one new position in each of the departments and agencies.
“I think there’s a sense of urgency,” Biden told the Congressional Budget Office in a press briefing Tuesday.
“We can’t do this alone.”
The vice president also said he is considering adding additional money to the Federal Emergency Management Agency to help the states and localities respond to the pandemics, but the amount would be limited to a fraction of the $1.6 trillion the White House announced Monday.
He said the plan would require the administration to create another 50,000 new positions.
It is unclear how the president plans to pay for the new jobs.
The administration said in a statement that it would not be able to borrow money until Congress passes legislation to fund the government through Sept. 30.
Bidens plan calls for the Treasury Department to issue more than $5 trillion worth of debt, but it is unclear what the administration plans to do with the debt.
The plan, first reported by Politico, would also create a new job training program for federal workers and $1 billion to increase the supply of emergency medical kits to emergency responders.
The new initiatives are a direct response to the president’s decision in September to spend $50 billion to help states and the cities of the Northeast brace for the potential of the pandemaker.
The White House has been making efforts to boost the economy, particularly with its “Day of Action” and the Federal Job Corps.