Tag Archives: Janet Yellen

Yellen To Brief Biden On Relief Deal “Cost Of Inaction”

The Washington Post reports: White House press secretary Jen Psaki said Friday that a briefing Biden is receiving later from Treasury Secretary Janet Yellen would highlight “the cost of inaction” on the president’s coronavirus relief legislation — a move designed to increase pressure on Congress to move forward. The briefing, Psaki said, would demonstrate “the impact of a delay in …

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Janet Yellen Confirmed As Treasury Sec In 84-15 Vote

The Washington Post reports: Janet Yellen was confirmed as the first female treasury secretary in American history by the U.S. Senate Monday evening. Yellen’s confirmation process garnered little controversy as the former Federal Reserve chair has long-standing ties to Senate policymakers and extensive economic and government credentials. The final vote was 84-15, with Senate Minority Leader Mitch McConnell (R-Ky.) among …

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Mnuchin To Put $455B In COVID Relief Funding Into An Account That Successor Cannot Easily Gain Access To

Bloomberg News reports: Treasury Secretary Steven Mnuchin will put $455 billion in unspent Cares Act funding into an account that his presumed successor, former Federal Reserve Chair Janet Yellen, will need authorization from Congress to use. Mnuchin plans to place the money into the agency’s General Fund, a Treasury Department spokesperson said Tuesday. That fund can only be tapped with …

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Biden To Name Janet Yellen As Treasury Secretary

CNBC reports: President-elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as Treasury secretary, a historic decision that could result in the nation’s first woman to lead the department, The Wall Street Journal reported Monday, citing people familiar with the matter. Yellen, 74, is widely seen as a politically “safe” pick for the role, likely to garner support …

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Trump Flips On Four Campaign Positions In One Day: NATO, Janet Yellen, Chinese Currency, The EXIM Bank

On NATO: Trump said NATO is “no longer obsolete” during a Wednesday press conference with NATO Secretary-General Jens Stoltenberg, backtracking on his past criticism of the alliance. During the campaign, he frequently called the organization “obsolete,” saying did little to crack down on terrorism and that its other members don’t pay their “fair share.” On China: Trump told the Wall …

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