Us Treasury Secretary Yellen (Janet Yellen) said on Thursday that the US economic recovery still had a "long way to go" and urged congressional leaders to increase spending, saying the government's budget was more than a decade behind the current era.

Ms Yellen said the US Treasury had implemented aggressive plans to get the economy through the COVID-19 crisis and called for broader fiscal policy in all areas.

In a speech to the Financial Services Subcommittee and the Government Appropriations Committee, Ms Yellen said the Treasury's budget had not kept pace with the expansion of its work. "our team has done a great job in implementing these plans using the resources available to us," she said. But we cannot continue to do our new job for recovery with outdated budgets for 2010. "

Biden is understood to be proposing a $6 trillion budget to boost infrastructure, which is expected to be presented on Friday. The budget request requires the federal government to spend $6 trillion in fiscal year 2022, which will bring continued federal spending to its highest level since World War II.

One of the top priorities of the Biden administration is a massive infrastructure plan that could total more than $1 trillion.

Ms Yellen said the Treasury needed a higher level of spending, particularly in tracking financial crime, community development projects and fighting fraud. Yellen asked for $13.2 billion for the Federal Revenue Service ((IRS)) and $417 million for Family Planning ((American Families Plan)).

She pointed out that budgets in areas such as domestic finance, economic policy and tax policy have been cut by 20% since 2016.

"the speed and strength of our recovery, as well as our long-term economic development, depend on the well-funded Ministry of Finance," Yellen said. "

The U.S. government had a deficit of $3.1 trillion in fiscal 2020 and accumulated a deficit of more than $1.9 trillion in the first seven months of fiscal 2021. The US deficit soared to nearly 15 per cent of GDP in 2020, the highest level since 1945.

In addition, with regard to inflation, which is of widespread concern to the market, Yellen said that the inflation seen recently is temporary and Qualcomm is expected.The expansion will last only a few months, possibly through the end of the year.

Ms Yellen said she did not want the inflation problem to take root in the US economy. The White House, Congress and the Treasury are keeping a close eye on inflation and have sufficient tools to deal with it if necessary.