US Senate Confirms Janet Yellen to Be Next Treasury Secretary

27 Janvier, 2021, 01:10 | Auteur: Auguste Feret
  • Janet Yellen will be the first woman to lead the US Treasury and will face the daunting tasks of shepherding a $1.9 trillion economic rescue package through Congress

"In a field dominated by men, it's refreshing to finally see a woman leading the Treasury Department".

"The symbolism and sense of technical expertise and decades of Washington experience that Janet Yellen brings will bring immediate credibility" to Biden's economic agenda, said Tim Adams, who served as a US Department of the Treasury undersecretary during the administration of former US president George W. Bush and now heads the Institute of International Finance, a banking group.

A portrait of the economist and daughter of a Brooklyn, New York, doctor will join those of 76 other Secretaries in the Treasury's hallways, dating back to the first, Alexander Hamilton.

White House economic adviser Brian Deese similarly ran into challenges from a bipartisan group of lawmakers on Sunday, who asked for the basis for such a large package so soon after last month's US$900 billion bill. All of the no votes came from Republican senators.

"Right now, short-term, I feel that we can afford what it takes to get the economy back on its feet, to get us through the pandemic", Yellen told the committee.

Inside Kate Hudson's Relationship With Dad Bill Hudson
Asked if it has been an issue that has gnawed at her for a long time, she said: "It's a 41-year-old issue". Kate Hudson likes to keep it real in all aspects of her life, even the ones that aren't picture ideal .

Mother admits killing disabled son in lockdown
Hours before killing Dylan, the Russian citizen had argued with her ex about his role in caring for their son, the court heard. Dylan's dad, celebrity and fashion photographer Dean Freeman, 57, was away in Spain at the time of his son's death.

China reports decline in new COVID-19 cases
Several online articles and blogs have explored questions regarding the effectiveness of the Pfizer-BioNTech vaccine. They use a newer technology than the more traditional approach of the Chinese vaccines now in use.

Dr Yellen will play a key role in working with Congress on Mr Biden's coronavirus stimulus plans and on his pledges to invest US$2 trillion in infrastructure, green energy projects, education and research to boost American competitiveness.

The Treasury will oversee Mr Biden's plans to help finance these initiatives by trying to persuade Congress to raise the corporate tax rate to 28 per cent from 21 per cent and increase taxes on Americans making over US$400,000 a year. Her argument that it's critical to "act big" now with emergency deficit spending to avoid long-term "scarring" in the economy was rejected by Republican lawmakers voicing concerns about rising debt.

Yellen also said during her confirmation hearing that she would conduct an immediate review of US financial sanctions policy administered by Treasury to ensure that they were used "strategically and appropriately" after a major ramp-up of such measures under the Trump administration.

Yellen's confirmation less than a week after Biden took office is quick by recent standards. The nomination will head to the Senate floor for a final confirmation vote.

Conseillé:



Populaire

Good Grief, Apple TV+’s New Snoopy Show Looks Adorable
The Snoopy Show is coming to Apple TV + on February 5th and the show based upon the " Peanuts " comic strip by Charles M. Snoopy may seem like just a happy-dancin', bone-lovin', doghouse-sittin' pup, but he's much more than that.

'Pull it back': Nick Kyrgios doubles down over Novak Djokovic dig
They reportedly included moving players into private homes with tennis courts and getting them better meals. Everyone loses their way a little bit but I think he just needs to pull it back.

Elliot Page Reportedly Files for Divorce Weeks After Coming Out as Transgender
Portner's work includes choreographing videos for Canadian pop star Justin Bieber and USA singer-songwriter Maggie Rogers. Neither Page nor Portner has commented on divorce news at this time.

S.Korea Q4 GDP beats expectations, sets scene for strong 2021
The immunization campaign will start next month; health authorities plan to achieve herd immunity in November. That figure was down from 2.1% in the third quarter, but ahead of most economists' expectations.

Germany's Altmaier Appeals to Taiwan to Boost Chip Supply
Worldwide auto manufacturers are forced to stop production due to the supply problems of the specific components. Subaru has suspended operations on some days at its sole Japanese production facility in Gunma Prefecture.

Di Maria, son avenir est décidé
L'arrivée sur le banc de son compatriote Mauricio Pochettino a rassuré Di Maria , ce qui devrait l'amener à rester au PSG . Alors que son contrat avec le PSG se termine cet été, Angel Di Maria susciterait l'intérêt d'un cador de Premier League.

Billie Eilish opens up about her 'horrible body relationship'
She said: "I've got a lot going on in my head and my brain really can't shut the f*** up unless there's something else going on". I remember taking a pill that told me that it would make me lose weight and it only made me pee the bed - when I was 12.

Vanessa Bryant shares touching letter from Gianna's friend
She continued: "I will never understand why/how this tragedy could've happened to such lovely , kind and awesome human beings". The lovely letter talked about some of the fun times Aubrey spent with Gigi , calling her "kind, caring and endlessly polite".

Vancouver couple charged for travelling to remote Yukon community to get vaccinated
Beaver Creek is an isolated community of around 100 people, including members of the White River First Nation. But they apparently didn't, and were each fined $575. "That's got to be jail time.

Shandro, Hinshaw to give COVID-19 update at 3:30
In accordance with this, travellers must remain in isolation until their second COVID-19 test comes back negative. He says the current health guidelines are critical in limiting the spread of the new, more contagious variants.