Treasury Secretary Janet Yellen urged on CNBC yesterday that it's crucial to go big on the next round of coronavirus relief legislation, The Hill reported. “We think it’s very important to have a big package [that] addresses the pain this has caused — 15 million Americans behind on their rent, 24 million adults and 12 million children who don’t have enough to eat, small businesses failing,” Yellen said. “I think the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run,” she added, repeating a phrase she has frequently used to argue for a larger stimulus. The administration has been working with lawmakers, business groups and others on President Biden's $1.9 trillion COVID-19 aid and stimulus package. Republicans have balked at the price tag, but Democrats are increasingly indicating their willingness to pass legislation with or without GOP support.
