The US Senate Finance Committee unanimously approved the appointment of Janet Yellen as Secretary of the Treasury, becoming the first woman to hold the portfolio. The approval of the Finance Committee indicates that Yellen will easily win the approval of the full Senate.
Senator Chuck Schumer, the Senate majority leader, said late Friday that the enlarged House would vote on Monday on Yellen’s appointment, allowing her to immediately begin work on President Joe Biden’s economic agenda.
Members of the Finance Committee, equally divided between the Republican and Democratic parties, approved Yellen’s nomination with 26 votes in favor, without a single objection, as Republicans’ concern over Biden’s plans to allocate huge sums to alleviate the impact of the Corona pandemic on the citizen and his goals related to infrastructure investments and tax increases did not dissuade them from agreeing to Yellen’s nomination. , Former Federal Reserve Chair, to take over the Treasury.
Republican Senator Mike Crabeau said after the vote, “I have very strong points of disagreement with Dr. Yellen regarding a number of positions, especially those related to tax policy, but she pledged to us that she would work with us.”
He continued, “I think that the strong vote on our part to support it is an indication that we want to participate,” according to a Reuters report.
Biden had approved a plan worth one trillion and 900 billion dollars to confront the Corona pandemic, and an investment of two trillion dollars in infrastructure, clean energy projects, education and research, to enhance the ability of the United States to compete.