Yellen says investments, revenue provisions of social package to raise over $2 trln in offsets -Breaking
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© Reuters. FILE PHOTO: U.S. Treasury secretary Janet Yellen talks during a news conference held with Paschal Donohoe, Irish Finance Minister, at the Government Buildings in Dublin, Ireland on November 1, 2021. REUTERS/Clodagh KilcoyneWASHINGTON (Reuters), – U.S. Treasury Secret Janet Yellen announced on Thursday that President Joe Biden’s Social Policy and Climate Change Package would generate more than $2 trillion through offsets.
Yellen stated in a statement that this would pay for the whole package over ten years, and lower the deficit over the long-term.
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