The plan rolled out by congressional Democrats mirrored much of Biden’s own proposal, ignoring calls from Republicans to lower the income threshold for payments.
Biden has stood firm on the size of the checks but remained open to discussion on tweaking the income requirements.Biden and the executives were joined in the Oval Office by Vice President Kamala Harris and Treasury Secretary Janet Yellen. JPMorgan's Jamie Dimon, Walmart's Doug McMillon, Gap's Sonia Syngal, and Lowe's Companies' Marvin Ellison attended along with Tom Donohue, the head of the US Chamber of Commerce.
White House spokeswoman Jen Psaki said she expected the meeting to be the first of many with the business community.
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