‘Bold Fiscal Policy Matters’: Yellen Says Biden Spending Agenda Is Meant To Cut ‘Inequality’

Treasury Secretary Janet Yellen is visiting Atlanta to rally support for the Infrastructure Investment and Jobs Act.

The $1.2 trillion package — intended as a compromise to President Biden’s American Jobs Plan — is currently being debated in the Senate. Supporters — including President Biden and many centrist lawmakers — believe that the legislation will advance physical infrastructure programs in an economically efficient manner. Meanwhile, opponents include fiscal conservatives worried about budget implications and progressives who want the bill to include funding for education and healthcare.