Yellen pledges US cooperation, urges G7 to ‘go big’ on virus aid

US Treasury Secretary Janet Yellen told her G7 peers that Washington ‘places a high priority on deepening our international engagement and strengthening our alliances’.

United States President Joe Biden’s administration told allies Friday that it was committed to re-engaging with them in order to steer the global economy out of its worst slump since the Great Depression, a contrast with the go-it-alone, “America First” approach of former President Donald Trump. US Treasury Secretary Janet Yellen told her peers from the Group of Seven (G7) nations that Washington was committed to multilateralism and “places a high priority on deepening our international engagement and strengthening our alliances”. Yellen spoke to the G7 in an online meeting, chaired by the United Kingdom, at which she called for continued fiscal support to secure the recovery, saying “the time to go big is now”.