“Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, urged Congress during her confirmation hearing Tuesday to move swiftly on bold stimulus spending to relieve the economic suffering that the pandemic has caused.
“Yellen, who would be the first female Treasury secretary in American history, underscored the urgency of Biden’s proposed $1.9 trillion stimulus proposal. With interest rates at historic lows, she said, “the smartest thing we can do is act big.”
“Yellen has broad bipartisan support, and Democrats are pushing to get her confirmed this week.
“Providing relief for those in the greatest need — especially minority workers and women, who have been hit hardest by the downturn — would give the government the most bang per buck.
“Yellen advocated for extended unemployment insurance and investing in the vaccine rollout to accelerate the recovery.”
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