Yellen denies urging smaller relief plan, saying economic risks when Biden took office included ‘downturn that could match the Great Depression’

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Janet Yellen denied advocating for a smaller American Rescue Plan than the $1.9 trillion package proposed by the Biden administration and passed by Congress in early 2021, after an advance copy of a book about the Treasury secretary showed she initially urged scaling it back by a third. Her statement—issued, unusually, on Saturday following a […] Read More

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