Yellen says local aid will be distributed quickly after stimulus passes
Treasury Secretary Janet Yellen said Tuesday that the money allotted for state and local governments in the latest U.S. stimulus package will be distributed quickly after the measure is signed into law, CNBC’s Jeff Cox reports.
“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,” Yellen told a virtual National League of Cities conference.
The $1.9 trillion government aid bill was approved by the Senate, and House Democrats hope to pass it on Wednesday.
Fauci warns U.S. cases may plateau again at a high level
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before the Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington DC on June 30, 2020 in Washington, DC.
Kevin Dietsch | AFP via Getty Images
White House Chief Medical Advisor Dr. Anthony Fauci said Covid-19 cases in the U.S. may level off again at very high volume, even as the nation rapidly administers three vaccines.
The decline in cases seen since early January now appears to be “going down a little more slowly,” Fauci told the Center for Strategic and International Studies, a D.C.-based think tank. That means the U.S. might “plateau again at an unacceptably high level,” he added.
The U.S. has already experienced…