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Yellen says investments, revenue provisions of social package to raise over $2 trln in offsets

FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a news conference with Irish Finance Minister Paschal Donohoe at Government buildings in Dublin, Ireland, November 1, 2021. REUTERS/Clodagh Kilcoyne

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday that investments and revenue provisions of President Joe Biden’s social policy and climate change package would raise more than $2 trillion in offsets.

That would make the entire package paid for over 10 years and reduce deficits over the long term, Yellen said in a statement.

Reporting by Chris Gallagher

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