Minister of Finance Janet Yellen
Janet Louise Yellen Sunday shows the preview: the budget resolution paves the way for a .9 trillion stimulus; Senate prepares for impeachment trial More than 200 Obama officials sign letter backing Biden stimulus plan Biden economic adviser calls Summers “bad plan” with comments on inflation MORE said Sunday that he considered the income levels identified by conservative Democratic senators to restrict Americans receiving direct payments under the Biden administration’s COVID-19 aid package to be too low.
Talking to CNN Jake Tapper
Jacob (Jake) Paul Tapper Without Trump, the “comedy” of the night becomes even more unbearable, CNN’s Gupta, “stunned,” Cuomo said he doesn’t trust health experts. Officials are preparing for the second trial of Trump’s dismissal MORE on “State of the Union,” Yellen said he believed Americans earning $ 60,000 a year should be eligible for direct payments, a figure higher than that identified by senators as Joe Manchin
Joseph (Joe) ManchinSanders criticizes Democrats for being willing to reduce eligibility for stimulus checks. The Memory Report: Bad Work Increases the Case of Biden Stimulus. (DW.Va.), which has called for payments to be phased out at $ 50,000 a year.
“[I]If you think an elementary school teacher or a cop earns $ 60,000 a year and they meet kids who are out of school and people who may have had to retire from the workforce to take care of them and many additional charges, [President Biden] he thinks, and I would certainly agree, that it’s appropriate for people there to get support, ”Yellen said.
Yellen added that the White House is negotiating with Congress “to define what is fair” in terms of removing the income level for direct payments in a stimulus package, and told Tapper that families of middle class who also have difficulties “also need help”.
“So you definitely think it’s going to exceed $ 50,000 per person, but you’re not necessarily willing to commit to $ 75,000, is that what I’m hearing?” Tapper asked, referring to the level at which payments were removed from the package approved in December.
“Yes,” replied the secretary. “I think the details can be found out. And the president is sure he is willing to work with Congress to find a good structure for those payments.”
Senate Democrats have indicated they are ready to push for Biden’s $ 1.9 trillion COVID-19 relief package without Republican support after a group of 10 Republican senators proposed a $ 600 billion framework last week. of dollars, far less than Democrats have demanded.
Democratic leaders including Speaker Nancy Pelosi
Nancy Pelosi: Missouri man seen with Pelosi’s license plate loaded in connection with a Capitol riot Republicans worry about Greene dragging party in suburbs Claudia Tenney wins race at New York home MORE (D-California) have said they expect the package to happen in two weeks.