Associated Press: “Yellen rejected arguments being made by Republicans that President Joe Biden’s proposal is too big following the nearly $4 trillion in government support approved last year.”
“She said that even with the support already approved, the country still has 9 million people out of work and another 4 million who have dropped out of the labor force. She noted that the Congressional Budget Office has projected that without the Biden plan, it could take the economy until 2024 to get back to full employment. With the extra support, that goal could be achieved by next year, she said.”
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