Biden to propose $2 trillion of extra spending: report

President-elect Joe Biden will propose a $2 trillion increase in fiscal spending to help the U.S. economy get through the coronavirus pandemic, according to a published report.

CNN reported that Biden, who is due to speak in Wilmington, Del., on Thursday, will outline a proposal that will include more direct payments to American families and significant state and local funding. CNN’s report sent the yield on the 10-year U.S. Treasury
TMUBMUSD10Y,
1.110%
higher.