The Biden administration continues to believe the uptick in prices is temporary, she said.
The U.S. saw the largest surge in consumer prices in more than 12 years last month.
President Joe Biden is close to a revenue-neutral agreement with the bipartisan coalition.
Republicans and moderates are proposing a more measured, tax-neutral spending plan.
The split showcases a deep divide over the role of government in helping the economy recover from the pandemic.
The wealthiest households now hold $1 trillion to $1.5 trillion in unrealized capital gains on equities.
Yet the plan does not make child-tax credit increases from the recent stimulus permanent.
President Joe Biden told states he wants all adults in the U.S. made eligible for vaccines by May 1.
Janet Yellen, the Treasury secretary nominee, discussed a possible tax hike on those making over $400,000.
Yet there’s a growing consensus among economists that the U.S. needs to keep spending to complete the recovery.
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