WASHINGTON – Treasury Secretary Janet Yellen says the country is still in a “deep hole” with millions of jobs lost, but President Joe Biden’s $ 1.9 trillion contingency plan could generate enough growth to provide full employment next year to recover.
Republican senators argue that Biden’s proposal is too expensive.
Meanwhile, House Democrats plan to propose ramping up the child discount, now capping $ 2,000, up to $ 3,600 per year per child. That’s according to information obtained by The Associated Press.
The proposal is part of it COVID-19 emergency they write that it is expected to largely follow Biden’s plan.
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