Yellen visits Midwest to showcase improving consumer sentiment, take aim at Trump tax cuts
Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration’s economic agenda and offer a reminder of the Trump administration tax cuts, which she says added to the deficit and did little to promote investment
By FATIMA HUSSEIN
Published - Jan 25, 2024, 01:40 PM ET
Last Updated - Jan 25, 2024, 01:40 PM EST
WASHINGTON (AP) — Embargoed until Thursday at 1:35 pm EST
Treasury Secretary Janet Yellen is visiting Illinois and electoral battleground Wisconsin this week to make a case for the Biden administration's economic agenda and offer a reminder about the Trump administration tax cuts, which she says added to the deficit and did little to promote investment.
“Though some forecasters thought a recession last year was inevitable, President Biden and I did not,” Yellen said in prepared remarks on Thursday to the Chicago Economic Club. “Instead of contracting, the economy has continued to grow, driven by American workers and President Biden’s economic strategy. It now produces far more goods and services than it did before the pandemic.”
