Under President Joe Biden’s proposal, American workers would receive at least 12 weeks of paid leave to bond with a new child, care for sick relatives, deal with deployment, heal from serious illness, or recover from the death of a loved one. Workers would earn 2/3rds of their pay, while lower wage earners could receive up to 80% of their pay.

A new survey from The Conference Board found that United States consumer confidence hit a 14-month high in April, as increasing rates of vaccination and money from fiscal stimulus programs supported the reopening of businesses and drove up demand.

The Federal Reserve declined to raise interest rates this week, despite signs that the economy’s recovery is accelerating.

Fed Chairman Jerome Powell said that the recovery is “uneven and far from complete” and brushed aside concerns of rising inflation to keep short-term interest rates near 0%.