US President-elect Joe Biden has tapped Janet Yellen, the former chair of the Federal Reserve, to be head of the Treasury Department in his administration, he confirmed in a statement on Monday.
If she is confirmed by the Senate, she would be the first female chief in the 232 years of the department's history.
Read more at:
US: Joe Biden picks Janet Yellen for treasury chief | News | DW | 30.11.2020
Showing posts with label Treasury secretary. Show all posts
Showing posts with label Treasury secretary. Show all posts
2/13/17
US Senate confirms former banker Mnuchin as Treasury secretary and puts Dracula in charge of the blood bank
A
bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury
secretary despite strong objections by Democrats that the former banker
ran a "foreclosure machine" when he headed OneWest Bank.
Read more: Senate confirms former banker Mnuchin as Treasury secretary
Republicans said Mnuchin's long tenure in finance makes him qualified
to run the department, which will play a major role in developing
economic policy under President Donald Trump.
"He has experience managing large and complicated private-sector
enterprises and in negotiating difficult compromises and making tough
decisions — and being accountable for those decisions," said Sen. Orrin
Hatch, R-Utah, chairman of the Finance Committee.
Votes on President Donald Trump's Cabinet picks have exposed deep
partisan divisions in the Republican-controlled Senate, with many of the
nominees approved by mostly party-line votes.
Read more: Senate confirms former banker Mnuchin as Treasury secretary
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