Yellen Sees Risk of Longer, More Painful Recession Absent More Economic Aid
By Kate Davidson
WASHINGTON -- Janet Yellen, President-elect Joe Biden's choice
for Treasury secretary, will tell lawmakers that the U.S. risks a
longer, more painful recession unless Congress approves more aid
and will urge them to "act big" to shore up the recovery.
Ms. Yellen is set to deliver her remarks Tuesday to the Senate
Finance Committee, which is considering her nomination, according
to a copy of her testimony reviewed by The Wall Street Journal.
(More to Come)
(END) Dow Jones Newswires
January 18, 2021 15:15 ET (20:15 GMT)
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