Biden's COVID relief package is 'right size': Treasury Secretary Janet Yellen

JACK ARNHOLZ
·1 min read

President Joe Biden's $1.9 trillion COVID relief package is the "right size" to confront the economic effects of the pandemic Secretary of the Treasury Janet Yellen said Sunday on ABC's "This Week."

"It's the right size to represent the very significant problem that we have. That said, we've lost nine-and-a-half million jobs. If we were preferably measuring unemployment, it would address over 9%. We need both relief for the people who are suffering because of what's happened with the economy, we need to defeat the pandemic. This package really does that," she told ABC News Chief Anchor George Stephanopoulos.

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"I believe there's enough support in this package to relieve suffering and to get the economy back on track," she added.

Biden signed the relief package into law Thursday. The act passed without Republican support in both the House and Senate.

MORE: Biden embarking on 'Help is Here' tour to tout COVID relief bill's benefits

While the Pew Research Center reported that around 70% of country supports the bill, some critics of the package have argued that its historic price tag could balloon the national debt and lead to higher rates of inflation.

This is a developing story. Please check back for updates.

Biden's COVID relief package is 'right size': Treasury Secretary Janet Yellen originally appeared on abcnews.go.com