{"id":109121,"date":"2021-03-10T00:14:08","date_gmt":"2021-03-10T00:14:08","guid":{"rendered":"https:\/\/fin2me.com\/?p=109121"},"modified":"2021-03-10T00:14:08","modified_gmt":"2021-03-10T00:14:08","slug":"yellen-promises-local-aid-will-be-distributed-quickly-after-stimulus-is-passed","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/yellen-promises-local-aid-will-be-distributed-quickly-after-stimulus-is-passed\/","title":{"rendered":"Yellen promises local aid will be distributed quickly after stimulus is passed"},"content":{"rendered":"<ul>\n<li>Treasury Secretary Janet Yellen promised that getting aid to state and local governments will be a priority after the $1.9 trillion stimulus package is passed.<\/li>\n<li>The aid was a sticking point in a bill that is expected to pass the House this week.<\/li>\n<\/ul>\n<p>Treasury Secretary Janet Yellen vowed Tuesday that money appropriated for state and local governmental aid in the new stimulus bill will get out the door as quickly as possible.<\/p>\n<p>With House passage of the $1.9 trillion spending plan imminent, Yellen said funneling out the $350 billion earmarked to make up for shortfalls in revenue will be a priority.<\/p>\n<p>&quot;The rescue plan will fund a massive immunization campaign. It will ensure people are able to keep a roof over their heads and that unemployment insurance checks still come in the mail,&quot; she told a virtual National League of Cities conference. &quot;In the coming days, our Treasury team is going to work to get this aid out as in the quickest way possible \u2013 and the one that produces the greatest impact.&quot;<\/p>\n<p>The governmental aid was one of the main sticking points in getting President Joe Biden&#x27;s stimulus plan through Congress. The measure received no Republican support in the Senate and is likely to meet the same fate in the House.<\/p>\n<p>GOP members contend that the allocation is a bailout for poorly run states and municipalities, while Democrats say it&#x27;s an important part of seeing through the recovery.<\/p>\n<p>&quot;If we do our job, I am confident that Americans will make it to the other side of this pandemic \u2013 and be met there by some measure of prosperity. By the end of the year, I expect your city economies will resemble 2019 much more than 2020,&quot; Yellen said.<\/p>\n<p>Along with the state and local aid, the bill also provides another $1,400 cash infusion to individuals, and appropriates funding for the health care battle against Covid-19 and a slew of other measures not directly related to the pandemic.<\/p>\n<p>Yellen said the spending package is &quot;not simply to fight fires and resolve crises, but to build a better country.&quot;<\/p>\n<p>&quot;This law will see us through the immediate crisis; clear away the chaos in front of our eyes and, eventually, let us lift our sights to the future,&quot; she added.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/03\/09\/yellen-promises-local-aid-will-be-distributed-quickly-after-stimulus-is-passed.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen promised that getting aid to state and local governments will be a priority after the $1.9 trillion stimulus package is passed. [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":109120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yellen promises local aid will be distributed quickly after stimulus is passed - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/yellen-promises-local-aid-will-be-distributed-quickly-after-stimulus-is-passed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yellen promises local aid will be distributed quickly after stimulus is passed - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Treasury Secretary Janet Yellen promised that getting aid to state and local governments will be a priority after the $1.9 trillion stimulus package is passed. 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