Yellen: Biden stimulus plan fastest way to bring economy back to pre-pandemic levels
Source: The Hill
BY JOHN BOWDEN - 02/07/21 09:31 AM EST
Treasury Secretary Janet Yellen said Sunday that she supports President Biden's plan for a large stimulus package, currently proposed at $1.9 trillion, calling it the best way to get the U.S. economy back to pre-pandemic levels.
Speaking on CNN's "State of the Union," Yellen explained that while the president was committed to working with "all members of Congress," the administration was more interested in passing a plan that addressed all of the needs brought forth by COVID-19.
"There's absolutely no reason we should suffer through a slow recovery," Yellen said Sunday, adding: "I would expect if this package is passed, that we would get back to full employment next year."
When asked whether Biden would support a plan passed with zero Republican votes, as well as concerns from moderate Democrats that the cutoff for direct relief payments in the plan is too high, Yellen appeared to side with progressives who have warned that Biden should worry about going too small, rather than too big, with the proposal.
Read more: https://thehill.com/homenews/sunday-talk-shows/537699-yellen-biden-stimulus-plan-fastest-way-to-bring-economy-back-to
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