Yellen became the third of President Joe Biden's Cabinet nominations to win Senate approval on a vote of 84-15 late Monday. All of the no votes came from Republican senators.
Biden press secretary Jen Psaki said Monday that the Treasury Department is taking steps to resume efforts to put the 19th century abolitionist leader on the $20 bill.
Yellen, a former chair of the Federal Reserve, was approved by the Senate on a 84-15 vote, becoming the third member of Biden’s Cabinet to win confirmation.
The Senate Finance Committee approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary on Friday, and supporters said they hoped to get the full Senate to approve it later in the day, making her…
“More must be done,” Yellen told the Senate Finance Committee during her confirmation hearing. “Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later.”…
The number of Americans seeking unemployment benefits last week fell by 19,000 to 787,000, still a historically high level as a resurgent coronavirus maintains its grip on the U.S. economy.
The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
The U.S. Treasury Department report said that Vietnam and Switzerland were the only two countries that met all three criteria for being named a currency manipulator.
The Treasury Department reported Thursday that with two months gone in the budget year, the deficit totaled $429.3 billion, up from $343.3 billion in last year's October-November period.
In his most direct comments so far, Powell told the House Financial Services Committee on Wednesday that it's “very important” for Congress to provide economic support.
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