Yellen focuses on $60,000 threshold for stimulus checks

Treasury Secretary Janet Yellen said Sunday that she thought income levels identified by conservative Democratic senators to restrict which Americans receive direct payments under the Biden administration’s COVID-19 aid package were too low. Speaking with CNN’s Jake Tapper on “State of the Union,” Yellen indicated that she thought individual Americans earning $60,000 per year ought to be eligible for the direct payments, a higher figure than the one identified by senators such as Joe Manchin (D-W.Va.), who has called for the payments to phase out at the $50,000-per-year income level. “If you think about an … (full story)

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