Treasury Secretary Janet Yellen
Janet Louise YellenSunday shows preview: Budget resolution clears way for .9 trillion stimulus; Senate prepares for indictment More than 200 Obama officials have signed a letter in support of Biden’s stimulus plan. Biden economic adviser calls Summers ‘flat-out wrong’ with inflation remarks MORE said Sunday that she thinks the income levels identified by conservative Democratic senators to limit Americans receiving direct payments under the BID government’s COVID-19 aid package are too low.
Talk to CNNs Jake Tapper
Jacob (Jake) Paul Tapper Without Trump ‘comedy’ becomes even more unbearable in the late evening, CNN’s Gupta ‘stunned’ Cuomo said he does not trust health experts. Officials support second Trump indictment hearing MORE on ‘State of the Union’, Yellen indicated that she believes that individual Americans earning $ 60,000 a year should be eligible for direct payments, a higher figure than that quoted by senators such as Joe Manchin
Joseph (Joe) ManchinSanders criticizes the Democrats who are willing to compare stimulation checks. The memorandum: Report on bad jobs boosts Biden stimulus Biden expects the minimum wage increase to be deducted from the final relief bill. (DW.Va.), which demanded that the payments be phased out at the income level of $ 50,000 per year.
“[I]fu think of a primary school teacher or a policeman who earns $ 60,000 a year, and you have to sit with children who do not keep school and people who may have had to withdraw from the labor force to take care of them and many extra burdens, [President Biden] think, and I would definitely agree that it’s appropriate for people to get support there, ” Yellen said.
Yellen further added that the White House is negotiating with Congress “to define what is fair” in terms of phasing out income levels for direct payments in a stimulus package, telling Tapper that struggling middle-class families “also need help.”
“So, you certainly think higher than $ 50,000 per individual, but you are not necessarily willing to commit to $ 75,000, is that what I hear?” Asked Tapper, referring to the level at which payments were phased out in the package passed in December.
“Yes,” replied the secretary. “I think the details can be worked out. And the president is certainly prepared to work with Congress to find a good structure for these payments.”
Senate Democrats indicate they are willing to push through Biden’s $ 1.9 billion BID assistance package COVID-19 without Republican support after a group of ten Republican senators last week proposed a $ 600 billion framework, much less than what the Democrats demanded.
Democratic leaders, including speaker Nancy Pelosi
Nancy Pelosi Missouri man seen with Pelosi nameplate charged in connection with Capitol riot Republicans are worried Greene could party in suburbs Claudia Tenney wins race in New York House MORE (D-California) said they expect the package to succeed within two weeks.