Janet Yellen warns that repealing abortion rights will have “damaging effects” on the US economy and “set women back decades.”
- Treasury Secretary Janet Yellen has warned that repealing abortion rights would harm the US economy and ‘set women back decades’.
- “I think eliminating a woman’s right to make decisions about when and whether to have children would have very harmful effects on the economy and set women back decades,” she said.
- She was asked about the Supreme Court’s draft opinion that would overturn Roe v. Wade
- Republican Senator Tim Scott responded to Yellen’s assertions
- “I will just say as a man who was raised by a black woman in extreme poverty,” he said, “I am grateful to be here as a United States Senator.”
Treasury Secretary Janet Yellen warned Tuesday that repealing abortion rights would hurt the US economy and “set women back by decades.”
“I think eliminating a woman’s right to make decisions about when and whether to have children would have very harmful effects on the economy and set women back decades,” she said at a Senate Banking Committee hearing.
Yellen was asked about a draft Supreme Court opinion that indicated the justices are in favor of overturning Roe v. Wade, the landmark 1973 case that legalized abortion, and the impact of such a decision on the economy.
“It has enabled many women to finish school which increases their earning potential and allows women to plan and balance their families and careers,” Yellen said of the case. “The research also shows that it had a positive effect on the well-being and earnings of children.”
There are many research studies that have been done over the years looking at the economic implications of accessing or not having an abortion. He explains that denying women an abortion increases their odds of living in poverty.
Treasury Secretary Janet Yellen has warned that repealing abortion rights would harm the US economy and ‘set women back decades’.
After the Supreme Court’s draft opinion was published, protests spread across the country, including at Supreme Court Justice Samuel Alito’s home in Alexandria, Virginia.
Politico’s publication of the draft opinion — which could be changed before it’s officially announced at the end of a Supreme Court hearing this summer — sparked a national uproar.
Democrats have pushed for abortion to be secured under federal law. Republicans alleged that the leak was done to try to use public opinion and protests to put pressure on the judges.
Protests erupt across the country and demonstrators are evicting the homes of Supreme Court justices in Washington, DC. The Supreme Court itself has become central to the daily protests. Fences have been raised around the building.
In Tuesday’s hearing, Republican Sen. Tim Scott declined to confirm Yellen.
He said framing abortion On Participation in the Workforce “It feels tough on me.”
Yelin told him, “This means that children will grow up in poverty and will do worse.” This is not harsh. this is the truth.’
Scott noted that he grew up in poverty and was happy to be there.
“I will just say that as a man who was raised by a black woman living in extreme poverty, I am grateful to be here as a United States Senator,” he said.
Democrats on Capitol Hill are working to get abortion rights into law.
The House has already passed legislation with the Senate looking to take it up this week.
The question mark for Senate Democrats remains moderate Sen. Joe Manchin, who has voted against similar legislation in the past.
On Monday, he said he would “wait and see” what Democrats say before announcing how he will vote on the delayed bill.
With Manchin on the fence, it’s unclear if Democrats will get all 50 senators in their caucus to vote for the Women’s Health Protection Act — far short of the 60 needed by both parties to override the Republican threat.
Republican Senator Tim Scott responded to Yellen’s assertions: “I will just say as a man who was raised by a black woman in abject poverty, I am grateful to be here as a United States Senator,” he said.
West Virginia Sen. Joe Manchin said he will “wait and see” what Democrats say before deciding how to vote on the Senate abortion bill.
The duel was held around the Supreme Court building
Senate Majority Leader Chuck Schumer delivered a jab Monday on the Women’s Health Protection Act, which “prohibits government restrictions on the provision of and access to abortion services,” the bill reads.
A Senate vote is expected on Wednesday — and as the filibuster continues, the legislation will fail.
I want to be clear: This week’s vote is not an abstract exercise, this is real and the stakes are as high as it gets, and Senate Republicans will no longer be able to hide from the terror they have unleashed on women in America, Schumer said.
Republicans want the states to decide the case, as the case would be over if the Supreme Court eventually overturned Roe v. Wade.