"Yellen's Testimony and Bank Rescues Shake Financial Markets"

Treasury Secretary Janet Yellen supported President Biden's proposed budget that would accelerate inflation and raise the deficit by $17 trillion over ten years. Yellen claimed that inflation is the nation's number one economic priority while also calling it "temporary." She also ignored how Biden's budget would hurt the economy through $4.7 trillion in tax increases, including painful new levies on small businesses and families. Additionally, Yellen showed no concern for the fate of community banks, whose depositors are currently fleeing in mass to the nation's big banks.