Tuesday, January 19, 2021
“Neither the President-elect, nor I, propose this relief package without an appreciation for the country’s debt burden. But right now, with interest rates at historic lows, the smartest thing we can do is act big,” Ms. Yellen will say, according to a copy of her opening remarks, which were reviewed by The New York Times.
It will not be an easy task. Democrats hold a slim majority in Congress and Republicans have already expressed concern about Mr. Biden’s plan and its impact on the budget deficit, which topped $3 trillion last year.
Brrrrrrrr!, as they say.