EXCERPT:
TAPPER: "The Biden administration is trying to reach this deal to spend about another $2 trillion. That makes a total of an extraordinary $5 trillion in spending this year. Inflation, of course, is growing at its fastest pace in 30 years. If the American economy is already overheating, is spending even more money potentially pouring gas on the inflation fire?"
YELLEN: "Well, the additional spending in the infrastructure package and in the Build Back Better package, both of those are spending over 10 years, not in a single year. The rescue package did involve substantial spending this year.”