
Janet Yellen, President-elect Joe Biden's nominee for Treasury Secretary, will call for "big" action on the COVID-19 pandemic and economic crisis at her Senate confirmation hearing Tuesday, according to prepared remarks obtained by CBS News. The Senate will begin confirmation hearings on Tuesday for Yellen and more key members of Mr. Biden's Cabinet.
"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now – and long-term scarring of the economy later," Yellen will...
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"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now – and long-term scarring of the economy later," Yellen will...