Janet Yellen, President-elect Joe Biden's pick for Treasury secretary, urged Congress during her confirmation hearing Tuesday to move swiftly on bold stimulus spending to relieve the economic suffering that the pandemic has caused.
Yellen, who would be the first female Treasury secretary in American history, underscored the urgency of Biden's proposed $1.9 trillion stimulus proposal. With interest rates at historic lows, she said, "the smartest thing we can do is act big."
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