Yellen Suggests $60,000 Income Threshold for Stimulus Checks

Yellen Suggests $60,000 Income Threshold for Stimulus Checks
U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington on Dec. 13, 2017. Jonathan Ernst/Reuters
Jack Phillips
Updated:

Treasury Secretary Janet Yellen on Sunday said she believes that individual Americans earning $60,000 per year should be eligible for direct $1,400 stimulus payments amid talks about who should receive the checks.

“If you think about an elementary school teacher or a policeman making $60,000 a year, and faced with children who are out of school and people who may have had to withdraw from the labor force in order to take care of them and many extra burdens, [President Joe Biden] thinks, and I would certainly agree, that it’s appropriate for people there to get support,” said Yellen on CNN’s “State of the Union” on Sunday.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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