Janet Yellen: “Eventually debt-to-GDP will begin to rise and deficits will increase again as the population ages and Medicare…”

We certainly have proposed extending the Child Tax Credit, which was immensely helpful, and we are supportive of the legislation that has gone through the House.

The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.

The Biden Administration has driven an historic economic recovery over the past three years.

I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.