Yellen, Small Business Owners Discuss Pandemic: Stimulus Update

Treasury Secretary Janet Yellen met with small business owners on Thursday. Senate Republicans criticized moves by Democrats to fast-track President Joe Biden’s $1.9 trillion Covid-19 relief plan without their backing.

House Speaker Nancy Pelosi said the chamber will meet next week to take the first step toward proceeding with a Democrat-only Covid-19 relief bill. Republicans have voiced support for vaccine funding, but remain opposed to other elements of Biden’s proposal.

Yellen Meets With Owners of Small Businesses (8 p.m.)

Yellen on Thursday took part in a virtual session with owners of small businesses to talk about the public health and economic consequences of the coronavirus pandemic.

The secretary, who was confirmed by the Senate on Monday, “listened to the individual stories and painful concerns of these leaders,” the Treasury Department said in a statement.

Yellen underscored the importance of Biden’s relief proposal in the meeting with the seven business people, who came from the Midwest, the South and the West.

She also “emphasized how investing in institutions like Community Development Financial Institutions and Minority Depository Institutions can help small businesses left behind during this crisis -- and traditionally excluded from access to capital -- get the resources they need,” according to the statement. -- Saleha Mohsin