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American workers making $60,000 a year should receive a stimulus check is part of the latest coronavirus aid package.
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That's according to U.
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S Treasury Secretary Janet Yellen, who said the White House seeks to provide targeted payments for those who need it most.
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He is committed Thio, providing the $1400 payments to those who qualify.
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The White House has said it is open to negotiation on who should be eligible to receive the proposed $1400 checks, but has declined to specify where it thinks the income cut off should be.
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Yellen's interview on CBS's Face the Nation provided some clarity.
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It has to go to people and households that do need the money and those air lower income households, and we need thio.
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Make sure that the cut offs are appropriate so that households that we're doing really well, um, maybe you've seen their stock portfolios rise and make a lot of income and haven't lost their jobs.
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Those households shouldn't be getting it.
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If Congress approves the $1.9 trillion plan, the country would get back to full employment next year, Yellen said.
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Otherwise, unemployment would linger for years.
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Republicans on Capitol Hill have resisted the administration's co vid 19 relief plan, concerned it would unnecessarily increased the national debt following the $4 trillion in aid Congress passed last year.
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US.
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President Joe Biden has said he would like to win bipartisan support for his plan, but that Republicans were falling short of the mark in terms of what needs to be done.
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Under normal rules, 60 votes would be needed for such a bill to clear the Senate.
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But last week Congress approved a budget plan that would allow a coronavirus relief measure to pass the Senate with a simple majority.
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With the Senate split, 50 50 Vice President Kamala Harris could cast a tie breaking vote for Democrats if Biden decides to go it alone.
