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Economy Mar 22, 2021 10: 00 PM ET
© Reuters. SUBMIT IMAGE: U.S. Treasury Secretary-designate Janet Yellen in Wilmington, Delaware
Yellen said the Treasury, charged with executing much of the Biden stimulus plan and distributing the funds, was working to accelerate relief to the areas of biggest need, including the tiniest of small services, which are disproportionately owned by ladies and people of color.
The Treasury also is lowering some documentation requirements for having a hard time Americans to get funds to help them make real estate rental and home mortgage payments in an effort to speed the implementation of a $30 billion real estate help plan.
Treasury is likewise working closely with state, local, tribal and territorial federal governments to implement $350 billion in aid to them, she stated.
Treasury officials stated recently that the state and local government help program, which is still setting rules on using funds, would begin dispersing cash within about 60 days.
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