Home Business Stimulus check updates: Treasury Secretary Janet Yellen warns against scaling back President Biden’s $1.9T relief package

Stimulus check updates: Treasury Secretary Janet Yellen warns against scaling back President Biden’s $1.9T relief package

by staff

She said that even with the support already approved, the country still has 9 million people out of work and another 4 million who have dropped out of the labor force. She noted that the Congressional Budget Office has projected that without the Biden plan, it could take the economy until 2024 to get back to full employment. With the extra support, that goal could be achieved by next year, she said.

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