© Reuters. U.S. Treasury Secretary Janet Yellen testifies before a Senate Finance Commmittee hearing on President Biden’s 2023 budget, on Capitol Hill in Washington, U.S., June 7, 2022. REUTERS/Evelyn Hockstein
WASHINGTON (Reuters) – Gun violence has a negative impact on survivors and the U.S. economy, U.S. Treasury Secretary Janet Yellen told a U.S. Senate hearing on Tuesday, adding her hope that Congress would act to reduce gun violence soon.
Yellen told the Senate Finance Committee that economic research showed that events in childhood – such as school shootings – could have a lifelong impact on the psychological well-being and labor market participation of those involved.
“Of course it has a negative impact on these individuals and our economy,” Yellen said.