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

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)