The daily business briefing: February 8, 2021

Yellen says those making $60,000 should get full stimulus checks, South Africa pauses use of AstraZeneca vaccine, and more

An AstraZeneca vaccine
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1. Yellen says those earning up to $60,000 should get full stimulus checks

Treasury Secretary Janet Yellen said Sunday that individuals earning up to $60,000 should receive the $1,400 checks proposed in President Biden's $1.9 trillion coronavirus relief package. "The exact details of how it should be targeted are to be determined, but struggling middle class families need help," Yellen said on CNN's State of the Union. The White House has said that Biden won't budge on sending families another round of stimulus checks, but he is willing to negotiate on where the income cutoff should be to determine who's eligible. "He wouldn't want to see a household making over $300,000 receive these payments," Yellen said. She added that if Congress approves Biden's plan the U.S. will return to full employment in 2022.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.