Janet Yellen will be the first woman to lead the US Treasury and will face the daunting tasks of shepherding a US$1.9 trillion economic rescue package through Congress.
WASHINGTON: The US Senate on Monday 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 trailblazer as she also was the first woman to lead the Federal Reserve, from 2014 to 2018, and previously the White House Council of Economic Advisors.
Her role will be critical in the first weeks of the new administration as she will serve as the key negotiator with Congress in the bid to win approval for President Joe Biden’s $1.9 trillion rescue package to help the US economy recover from the Covid-19 crisis.
That will entail convincing skeptical lawmakers that the…
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