Republicans / Finance / Democrats

Yellen nomination as Treasury secretary clears committee

Posted On: Mar 1, 2021   |   Posted By: My Sanantonio

WASHINGTON - 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 the first woman to hold the job.
The Finance Committee approved her nomination on a 26-0 vote. The administration is urging a quick confirmation vote, saying it's critical to get the top member of Biden's economic team in place as the Democratic president seeks to win approval of a $1.9 trillion coronavirus relief plan.
Sen. Ron Wyden, D-Oregon and the incoming chairman of the Finance Committee, said he hoped to get Yellen's nomination approved by the full Senate later Friday.
Republicans on the committee said they had a number of policy disagreements with Yellen and the Biden administration in such areas as raising taxes on corporations and the wealthy but believed it was important to allow Biden to assemble his economic team quickly.
At her confirmation...

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