US Senate confirms Yellen as first female Treasury secretary

The Straits Times2021-01-26

WASHINGTON (AFP) - The United States Senate on Monday (Jan 25) voted by a wide margin to confirm Janet Yellen as the first woman to lead the Treasury Department.Yellen is not new to the role of ...

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Will89
2021-01-26
Will89
No one is more suitable for this role than her! Welcome back Yellen!

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As a matter of fact... we can't afford not to invest now.\" But Democrats control the Senate only with the tie-breaking vote of Vice President Kamala Harris so getting the package through may require support from Republicans.Democratic Senator Ron Wyden, chairman of the Finance Committee, called Yellen an \"exceptional economist\" who is \"supremely qualified\" to lead Treasury at a critical time.And even Kentucky Senator Mitch McConnell, the Republican minority leader, supported Yellen's nomination, despite opposition from over a dozen members of his party.But McConnell has steadfastly expressed skepticism about large aid packages, and favored more limited steps.More on this topicRelated StoryYellen leaves door open to tax increase on wealthy AmericansRelated StoryBiden seeks $2.5 trillion for relief in first economic plan to fund pandemic-wrecked US economyYellen also will have a role in enforcing trade rules, and repairing relations after the multifront trade wars pursued by former president Donald Trump.But in the most contentious relations with China, Yellen last week pledged to use all available tools to address \"China's abusive unfair and illegal practices\" that undermine the US economy.She said Beijing has been \"undercutting American companies\" with a series of policies, including illegal subsidies, dumping of products, theft of intellectual property and barriers to US goods.However, while Yellen agreed that \"China is clearly, our most important strategic competitor,\" unlike Trump, she stressed that it will be important \"to work with our allies\" to combat the challenge.","kind":"highlight","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":319775901,"gmtCreate":1611629963503,"gmtModify":1703751746248,"author":{"id":"3567466520864339","authorId":"3567466520864339","name":"Will89","avatar":"https://static.tigerbbs.com/df35911d885f73d66cba517dce5c584e","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3567466520864339","authorIdStr":"3567466520864339"},"htmlText":"No one is more suitable for this role than her! 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