Yellen of the US Treasury says bullion bonds will boost …
WASHINGTON, Nov. 9 (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday said the bipartisan infrastructure package approved by Congress and the social and climate spending plan proposed by President Joe Biden would boost states’ productivity United and the size of its workforce.
Yellen said in prepared remarks at a University of Nevada-Las Vegas economic conference that together, the two bills would increase long-term U.S. economic output without increasing national debt.
“I believe that passing these laws will not only lead to higher productivity rates, but also positive changes across a wide range of parameters. They will increase the size of our workforce and increase the productive capacity of our economy, ”Yellen says. (Report by David Lawder)
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