Eliminating abortion rights in the US would have “very damaging effects” on the country’s economy, Treasury secretary Janet Yellen told lawmakers on Tuesday.
In testimony delivered to the Senate Banking Committee, Yellen warned overturning Roe vs Wade, the landmark Supreme Court ruling that has guaranteed access to abortion nationwide for almost 50 years, would increase poverty rates among women and reduce earning potential for children.
“I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades,” she said in response to a question from Bob Menendez, the Democratic senator from New Jersey.
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