Yellen pushes GOP senators on $1.9 trillion relief package

Yellen pushes GOP senators on $1.9 trillion relief package

WASHINGTON (AP) “” Janet Yellen, President-elect Joe Biden's choice as Treasury secretary, said Tuesday that the incoming administration would focus on winning quick passage of its $1.9 trillion pandemic relief plan, rejecting Republican arguments that the measure is too big given the size of U.S. budget deficits."More must be done,“ Yellen told the Senate Finance Committee during her confirmation hearing. "Without further action, we risk a longer, more painful recession now “” and long-term scarring of the economy later.“Democrats voiced support for the Biden proposal while Republicans questioned spending nearly $2 trillion more on top of nearly $3 trillion that Congress passed in various packages last year.ADVERTISEMENTRepublicans questioned elements of the Biden proposal such as providing an additional $1,400 stimulus check to individuals earning less than $75,000. They also objected to the inclusion of such long-term Democratic goals as boosting the minimum wage to $15 per hour.Sen. Tim Scott, R-S.C., said that the push for a higher minimum wage comes at a time when thousands of small businesses like restaurants have gone out of business, and that it would lead to more job losses. Yellen said, however, that the increase in the minimum wage would help millions of frontline American