Reports: Biden to pick ex-Fed chair Yellen for Treasury Secretary
The Associated Press, Wall Street Journal, and Reuters are reporting that Joe Biden will choose former Federal Reserve Chair Janet Yellen to be his Treasury Secretary. If she is appointed by Biden and then confirmed by the U.S. Senate, she will be the first woman to ever serve in the position.
To pull the U.S. economy out of its current recession brought about by the coronavirus pandemic, Yellen has called for an increase in government spending. She is widely seen as a respected and experienced policymaker.
This comes after Biden announced a whole slate of national security and foreign policy officials on Monday. Some of these picks include his longtime foreign policy advisor Antony Blinken for secretary of state, former Sec. of State John Kerry for a newly created climate change role on the National Security Council, and Alejandro Mayorkas for Secretary of Homeland Security, which would make Mayorkas the first Latino and immigrant to serve in the position if confirmed by the Senate.
Another woman who many thought Biden was considering for the Treasury job was Sen. Elizabeth Warren (D-Mass.), one of his main rivals during the 2020 Democratic presidential primaries. Progressives have been pushing Biden to appoint her, but chances are low that Senate Republicans would confirm her if they hold on to their majority in the Senate after the two Senate runoff elections in Georgia on January 5.
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