President-elect Biden has proposed raising the minimum wage to $15 an hour because right now we have millions of American workers who are putting their lives on the line to keep their communities functioning.
Yellen supports raising the minimum wage to help struggling workers during the pandemic.
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But what caused our cash balances to run to exceptionally low levels in the past was the failure of Congress to raise the debt limit.
It is important to be clear, shareholders and debt holders of the failed banks are not being protected by the government.
I believe strongly that a diversified set of financial institutions is best for America.
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