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Janet L. Yellen, President-elect Joseph R. Biden’s nominee to be Treasury secretary, said at her confirmation hearing on Tuesday that she fears there are difficult months ahead before the vaccine is distributed widely enough to fully reopen economy.

 Yellen says we should not think about tax increases in the abstract but in the context of a larger investment program.

She also said that the US needs to address that China poses, saying that the regime is guilty of human rights abuses. 

More to come…