Yellen will tour Detroit next week to promote Biden’s economic agenda

FILE PHOTO: U.S. Treasury Secretary Janet Yellen holds a news conference at the U.S. Treasury Department in Washington

Yellen will discuss in Detroit how this summer’s legislative packages to invest in green energy, healthcare, semiconductors and research, along with last year’s infrastructure bill, will increase the productive capacity of the US economy, making it more resilient to shocks, an official said. from the Ministry of Finance.

Yellen plans to link the legislation to her concept of “modern supply-side economics,” introduced in January, misrepresenting a Reagan-era phrase traditionally associated with tax cuts and deregulation to claim that Democrats’ agenda for investing in climate and human capital would Spreading growth more equitably.

Yellen will open the week of September 12th. Speech in the Washington area about an investment of $80 billion in the Internal Revenue Service to enhance tax compliance. In the week of September 19. The Treasury official said she will talk about the impact of Biden’s economic agenda on tackling inflation and supply shocks and making the United States more competitive.

In the week of September. The Treasury official said she will travel to North Carolina to discuss investments in clean energy technology under the Inflation Reduction Act.

Yellen’s efforts come as the Biden administration ramps up pressure on Republicans, two months before midterm congressional elections, as Democrats fight to maintain their slim majority in Congress.

In a prime-time televised address in Philadelphia on Thursday, Biden will ask Americans to respond in opinion polls against extremism he says is increasingly promoted by Republican candidates allied to former President Donald Trump.

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