Harris swears in Janet Yellen as treasury secretary
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.
WATCH: Janet Yellen wins Senate approval as treasury secretary
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.
WATCH: Janet Yellen nomination as treasury secretary clears committee
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…
WATCH: Janet Yellen’s full opening statement at Senate confirmation hearing
Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now.
“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.”…
In a statement, Biden said he would nominate Janet Yellen, the former Federal Reserve chair, to lead the Treasury Department, and former Clinton and Obama adviser Neera Tanden to serve as director of the Office of Management and Budget.
Yellen, who is widely admired in the financial world, would be the first woman to lead the Treasury Department in a line stretching back to Alexander Hamilton in 1789.
Former Federal Reserve Chairs Ben Bernanke and Janet Yellen will testify, starting at 12:30 p.m. ET today. Watch their remarks here.
Recent moves by the Federal Reserve, including loans to businesses, cities and states as well as interest rate cuts, exceed the entire scope of its response to the 2008 financial crisis. The Brookings Institution's Janet Yellen, former chair of the…
Additional Support Provided By:
