WASHINGTON, Jan. 19 (Xinhua) -- Janet Yellen, U.S. President-elect Joe Biden's nominee for the treasury secretary, on Tuesday urged U.S. Congress to pass a new COVID-19 relief package as the economic recovery is losing momentum amid surging coronavirus cases.
"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now - and long-term scarring of the economy later," Yellen said at her confirmation hearing virtually held by the Senate Finance Committee.
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