$1.9T American Rescue Plan Saved U.S. From Economic Disaster: Janet Yellen
Treasury Secretary Janet Yellen on Wednesday said the American Rescue Plan (ARP) helped the nation prevent extensive economic damage.
"In some ways, the ARP acted like a vaccine for the American economy, protecting our recovery from the possibility of new variants," Yellen said at the U.S.Yellen added that the $350 billion from the State and Local Fiscal Recovery Fund went to state and local governments to help fight the community's COVID-related problems.According to the Treasury Department, the ARP provided $195 billion for states, $130 billion for local governments, $20 billion for tribal governments and $4.5 billion for U.S.