Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
(Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday that American workers who earn $60,000 per year should receive stimulus checks as part of the White House's proposed $1.9 trillion coronavirus relief package.
"The exact details of how it should be targeted are to be determined, but struggling middle class families need help," Yellen said on CNN's "State of the Union."
Yellen said the administration was considering the risk the stimulus plan could cause inflation, but said: "We have good tools to deal with that risk if it materializes."
Yellen and other administration officials have warned repeatedly that the danger to the economy would be going too small with stimulus efforts, not too large.
(Reporting by Linda So; Editing by Tim Ahmann)
© Copyright Thomson Reuters 2021
