U.S. urgently needs full employment
The Biden relief and recovery package thus appears to be a low-risk, high-reward strategy on economic, fiscal, social, health, and political grounds. In a rational world, its recent passage with Democratic votes alone through the House of Representatives should now be followed by quick and bi-partisan endorsement by the U.S. Senate.

Recently, U.S. Treasury Secretary Janet Yellen warned that if the measures in U.S. President Joe Biden’s massive relief and recovery package were not passed, a return to full employment would not occur until 2025. But if his package passed, she claimed full employment could be achieved in 2022.
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