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Yellen: Biden's plan could restore full employment by 2022

Joe Biden Bill Clinton Janet Yellen Washington president Government
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WASHINGTON – Treasury Secretary Janet Yellen said Sunday the country was still in a “deep hole” with millions of lost jobs but that President Joe Biden's $1.9 trillion relief plan could generate enough growth to restore full employment by next year.

Republican senators argued that Biden's proposal was too expensive and they cited criticism from Larry Summers, a treasury secretary under President Bill Clinton, that passage of the measure could run the risk of triggering runaway inflation.

Summers also contended that Biden's plan would make less money available for other initiatives such as improving the nation's infrastructure.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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