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Plus, Biden could drive millions more into Obamacare Tuesday, January 19, 2021 Yellen Tells Congress to ‘Act Big’ to Rescue the Economy Incoming Treasury Secretary Janet Yellen on Tuesday urged Congress to “act big” and deliver more relief to the pandemic-ravaged economy. As she sought to build support for the $1.9 trillion rescue plan unveiled last week by President-elect Joe Biden, the 74-year-old former Federal Reserve chair argued that the risks of inaction far exceed the costs. “Economists don’t always agree, but I think there is a consensus now: Without further action, we r...

Cabinet nominees confirmed on day one. on capitol hill today, the first hearings just getting underway. treasury secretary nominee janet yellen making the case for biden's $1.9 trillion covid recovery plan. >> the smartest thing we can do is act big. in the long run, i believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time. >> reporter: the work ahead is staggering. but tomorrow belongs to joe biden, fulfilling a 50-year odyssey in public service to become america's commander in chief. unlike his predecessors, ...

Stocks End Higher as Yellen Tells Congress to 'Act Big' on Stimulus TheStreet 1/19/2021 © TheStreet Stocks End Higher as Yellen Tells Congress to 'Act Big' on Stimulus Stocks finished higher Tuesday as Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, told Congress that lawmakers must do more to lift the U.S. economy out of the recession brought on by the coronavirus pandemic. Bank earnings also began to roll in, with Goldman Sachs and Bank of America finishing down 2.3% and 0.7% respectively after they issued their fourth-quarter reports. The Dow Jones Industri...

Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, tells Congress it must do more to lift the U.S. economy out of the pandemic-induced recession.

>> neil: there is a method to what he's doing? >> trump told you when he wrote his book, start off acting like a crazy man, act big and they offer you a little and you decide you want to settle for it. sometimes he does and sometimes he doesn't. i can't predict president trump and i don't try to. he has something going on that he wants to accomplish. >> neil: you make it sound like it's orchestrated. he wrote "memories are short. if trump got his big win now on trade, folks would forget it by the election." so he would have to stagger it close to the election. >> and if you get too close, he l...