Treasury Sec. Yellen:
- President Biden is addressing long-standing problems in the US economy
- These problems have festered for too long
- High price tags will be spread out over years
- Not all spending will be deficit spending
- Uncollected taxes amount to $7 trillion over a decade
- Reallocation may result in some small increases in interest rates
- Rates may have to rise to stop economy from overheating
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