On the recordMay 11, 2022
Absolutely. We can thank the American Rescue Plan for the strong labor market we have now and the strong financial position of most households.
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congress.govAbsolutely. We can thank the American Rescue Plan for the strong labor market we have now and the strong financial position of most households.
Yellen attributes the strong labor market to the American Rescue Plan.
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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.
The President has been very clear that no family earning less than $400,000 will face a tax hike.
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.