View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

2/3/2021

Statement from Secretary of the Treasury Janet L. Yellen on the Congressional Budget Office Economic Outlook Report |…

Statement from Secretary of the Treasury Janet L. Yellen on the
Congressional Budget Office Economic Outlook Report
February 2, 2021

Yesterday’s CBO forecast is more evidence that we desperately need Congress to act on a
rescue package.
Last year, the economy shrunk more than any other since the end of World War II. With the
growth that the CBO projects, it will be years before the country reaches full employment
again.
Then there are the more immediate concerns: Can we get the vaccine distributed quickly?
Will people keep a roof over their heads? Will their unemployment benefits last until the end
of the crisis? Will families go hungry? Will small businesses survive?
All this is why we’re proposing the American Rescue Plan: So Americans can make it to the
other side of this crisis and be met there by a strong, growing economy.
###

https://home.treasury.gov/news/press-releases/jy0013

1/1