Watch Live: Vice President Kamala Harris and Treasury Secretary Janet Yellen discuss $1.3 billion aid program for small businesses
CBSN
Vice President Kamala Harris and Treasury Secretary Janet Yellen will appear together at the White House on Tuesday to discuss how small businesses can get federal funding as the United States continues to move forward from the coronavirus pandemic.
During the event, Harris will announce the disbursement of nearly $1.25 billion for what are known as Community Development Financial Institutions, which loan money to low-income and other disadvantaged communities across the country to help promote upward economic mobility. The money was made possible through the new Rapid Recovery Program, passed as part of the December COVID relief legislation and based on a bill by then-Senator Harris along with Senators Mark Warner of Virginia, Cory Booker of New Jersey and Senate Majority Leader Chuck Schumer, as well as Representative Maxine Waters of California. Warner and Waters will both be in attendance for today's event.
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