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Photo: Joshua Roberts/Getty Images

Rare words from an incoming president: "Our darkest days in the battle against COVID are ahead of us, not behind us," President-elect Biden warned Tuesday afternoon during remarks in Wilmington.

Why it matters: Biden is promising to tell America the truth, which includes the reality of many more horrific months, no matter who is in charge.

  • If we're lucky, vaccinations will provide enough herd immunity to allow some normality by this summer or fall.

Another blunt reality: Most of the benefits in the $900 billion coronavirus rescue package expire months before America has any hope of being back to normal.

  • The $300 boost for unemployment benefits expires in March.
  • The new $284 billion round of the Paycheck Protection Program (PPP) is meant to last 3 months.
  • There's no new funding earmarked for state and local governments.

The other side: There's funding for schools and childcare and mass transit and vaccination distribution, which helps bail out the above from those obligations.

  • The entertainment sector got $15 billion, helping out theaters and museums and live entertainment venues.
  • $600 checks will start showing up next week for individuals making under $75,000 (phases out for incomes above that), with an extra $600 per child.

The bottom line: Georgia's Jan. 5 Senate runoffs could be the difference between a big stimulus under Biden, or more trouble for parts of the U.S. hospitality sector.

Go deeper: Inside the $900 billion stimulus compromise

Go deeper

Jan 26, 2021 - Health

Biden admin to boost COVID vaccine delivery to states for at least 3 weeks

Vice President Harris receives her second COVID-19 vaccine dose in Bethesda, Maryland, on Jan. 26. Photo: Brendan Smialowski/AFP via Getty Images

The Biden administration plans to increase its COVID-19 vaccine shipments to states and tribes from 8.6 million doses per week to 10 million for at least the next three weeks, as part of an effort to vaccinate the majority of the U.S. population by the end of this summer.

Why it matters: Hospitals in states across the U.S. say they are running out of vaccines and the country's death toll is sharply rising.

Jan 26, 2021 - Health

U.K. surpasses 100,000 COVID-19 deaths

Photo: Owen Humphreys/PA Images via Getty Images

The U.K. on Tuesday surpassed 100,000 coronavirus deaths almost a year after the first two cases were reported in the country, according to government figures.

Why it matters: It is the first European country and fifth country in the world to reach the threshold. The country reported 100,162 deaths on Tuesday.