Treasury Secretary and Federal Reserve Chair Testify on CARES Act Oversight
2021-11-30T10:00:55-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvNWYzXC8yMDIxMTEzMDEwMTgwMTAwMV9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appeared before the Senate Banking, Housing and Urban Affairs Committee to testify on oversight of the CARES Act, which provided COVID-19 relief, and rebuilding the economy. Several topics were addressed during the hearing, including expanded IRS authority, affordable housing, workforce participation and unemployment, access to child care, inflation, and supply chain challenges. During her opening statement, Secretary Yellen stressed the need for Congress to act on the debt limit, saying, “America must pay its bills on time and in full. If we do not, we will eviscerate our current recovery.”
Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appeared before the Senate Banking, Housing and Urban Affairs Commit… read more
Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appeared before the Senate Banking, Housing and Urban Affairs Committee to testify on oversight of the CARES Act, which provided COVID-19 relief, and rebuilding the economy. Several topics were addressed during the hearing, including expanded IRS authority, affordable housing, workforce participation and unemployment, access to child care, inflation, and supply chain challenges. During her opening statement, Secretary Yellen stressed the need for Congress to act on the debt limit, saying, “America must pay its bills on time and in full. If we do not, we will eviscerate our current recovery.” close
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