Treasury Secretary Janet Yellen on Wednesday made the case for Congress to approve President Biden's massive $6 trillion budget, warning the U.S. economy faced a series of "long-term, structural" challenges that hindered Americans' ability to make a good living. 

While Yellen said the U.S. has made substantial progress in its economic recovery from the pandemic, she said the country still faces a slew of obstacles such as income inequality, declining labor force participation, racial gaps and climate change.

WHAT'S IN BIDEN'S $2.25T TAX AND INFRASTRUCTURE PLAN?

"These destructive forces – the divergence in wages and of geographic regions, the decline in labor force participation, the rise of climate change, and the persistence of racial inequality – all these are combining to block tens of millions of Americans from the prosperous parts of our economy," Yellen said in prepared remarks while testifying before the Senate Finance Committee.

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