The U.S. Senate has confirmed Janet Yellen as the nation’s 78th secretary of the Treasury. The 84–15 Senate confirmation vote late Jan. 25 marks the first time a woman will take up the role. Yellen, 74, is also the oldest to hold the role in recent history. Yellen is the third member of President Joe…
Yellen Nomination Sails Through Senate Panel; Final Vote Set for Monday
WASHINGTON—The U.S. Senate Finance Committee on Friday unanimously approved Janet Yellen’s nomination as the first woman Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies. The full Senate will vote on Yellen’s nomination on Monday, Senate Majority Leader Chuck Schumer…
Future of US-China Trade Deal Uncertain as Beijing Fails to Meet Phase One Targets
WASHINGTON—China has fallen short on meeting its pledges in the “phase one” trade agreement signed last year and the Biden administration will soon commence a review of the deal to determine a proper policy response. Treasury Secretary nominee Janet Yellen said there would be no immediate moves to lift punitive tariffs on Chinese imports that…
Yellen Vows to Curb China’s Economic Abuse by Deploying ‘Full Array of Tools’
Janet Yellen, President Joe Biden’s pick for Treasury secretary, said Tuesday that the Biden administration will use all available tools to fight “China’s abusive unfair and illegal practices” that undercut America’s economy. Yellen, a former chair of Federal Reserve, made the remarks during her Tuesday confirmation hearing before the Senate Finance Committee, at which she called China…
NTD Business Full Broadcast (Jan. 19)
Biden’s Treasury pick speaks at the Senate. We have analysis on how Janet Yellen could influence the US economy. Lockdown orders push one small business owner to the brink. But he says he’ll keep fighting to stay open. And big name stores drop My Pillow products. My Pillow’s CEO says it’s because leftist groups are…
Janet Yellen Urges Congress to ‘Act Big’ on Relief Despite Debt Burden
WASHINGTON—During her Senate confirmation hearing on Jan. 19, Treasury Secretary-nominee Janet Yellen championed President-elect Biden’s economic policies and urged lawmakers to provide further fiscal support to avert “a longer, more painful recession.” “Over the next few months, we are going to need more aid,” Yellen said in her opening remarks. “Neither the President-elect, nor I,…
Treasury Department Nominee: $15 Minimum Wage Job Losses Would Be ‘Very Minimal’
The job losses from hiking the federal minimum wage to $15 would be “very minimal,” President-elect Joe Biden’s choice to head the Treasury Department claimed on Tuesday. “In terms of potential job loss, there’s now a large economic literature on this, and much of it suggests that raising minimum wages …. researchers often look at…
Climate Risk and Financial Stability
Commentary Shortly before her nomination as Treasury secretary in the Biden administration, Janet Yellen appeared on a Bloomberg New Economy panel discussing the role of central banks as the world struggles to emerge from the COVID-19 pandemic. The panel revealed a sharp difference of opinion between Yellen and one of her predecessors—Larry Summers, President Bill Clinton’s second…
Yellen’s Confirmation Hearing as Treasury Secretary Set for Jan. 19
The Senate Finance Committee will on Jan. 19 hold Janet Yellen’s confirmation hearing for U.S. Treasury secretary.
Yellen’s Treasury Secretary Confirmation Hearing Set for Jan. 19
The Senate Finance Committee will on Jan. 19 hold Janet Yellen’s confirmation hearing for U.S. Treasury secretary.
US News
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