Treasury Secretary Janet Yellen speaks to lawmakers during a House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Dec. 1, 2021. The Treasury Department reported, Wednesday, Jan. 12, 2022 that the December deficit of $21.3 billion was the smallest monthly deficit since a $13 billion shortfall in December 2019. That was before the COVID pandemic hit in the U.S. and pushed millions of people out of work, sending the economy into a short but steep recession. (AP Photo/Amanda Andrade-Rhoades, File)
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