1/19, 5:30 PM (Source: TeleTrader)
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Yellen: Defeating COVID key for fiscal sustainability

United States Treasury Secretary nominee Janet Yellen spoke on Tuesday in front of the Senate Finance Committee, insisting that the most important condition for reaching fiscal sustainability is defeating the coronavirus pandemic.

Yellen agreed that the long-term fiscal trajectory is cause for concern, and stressed that she would work on putting the federal budget on a sustainable path.

Commenting on the short-term actions that the Treasury will take if she is elected, Yellen said that the historically low interest rates allow for a broad action regarding providing additional financial aid.

Breaking the News / ND