Janet Yellen confirmed as Treasury Secretary with bipartisan support

The Senate voted Monday night to confirm that Janet Yellen was a bipartisan-backed Treasury Secretary. The final breakdown of the votes was 1984-15. Yellen is the first woman to lead a division in more than 230 years of history.

“I look forward to working with her to get our economy back on track and bring Americans back to work,” said a Senate Finance Committee ranking member. Ron Wyden tweeted Immediately after voting.

In a statement after voting for Yellen, Republican Senator Susan Collins said, “We are facing the economic crisis caused by COVID-19 and need steady and proven leadership in the Treasury.” Stated. “A highly respected economist, Dr. Yellen, first chaired the Vice-Chairman and then the Federal Reserve Board. She was under the Democratic and Republican Presidents of the economic crisis. I have served during a period of economic growth. “

All 15 votes against Yellen’s confirmation came from Republicans. North Dakota Republican Senator Kevin Cramer, who voted against Yellen, said in a statement that Yellen “cannot support the policy proposed by President Biden.”

“She seems too keen on raising taxes on Americans. Her energy policy is a murderer, and her willingness to unilaterally double the federal minimum wage with little consideration of work implications is scary.” Kramer continued.

Her nomination proceeded 26-0 with unanimous support by the Senate Finance Committee on Friday, with both Democrats and Republicans praising her after the Commission’s vote. Senator Debbie Stabenow, a member of the Commission, said, “I think this is a great way to start the New Year. In fact, to someone I believe to be the most capable and qualified Treasury Secretary to date. We will vote unanimously on our behalf. ” ..

Senator Ron Wyden, a ranking member, called Yellen the “NBA All-Star” when it comes to clearing the Senate nomination process. Yellen said he had previously been confirmed by the Senate about his economic status four times.

Yellen’s first business will help guide the United States from the ongoing economic crisis caused by the coronavirus pandemic. The coronavirus pandemic has left more than 10 million unemployed and millions struggling to achieve their goals.

She was the first person to chair the Treasury Secretary, the Federal Reserve Board of Governors, and the White House Economic Advisory Board.

The Republican Party also acknowledged Yellen’s extensive background in the economic sector and the right of President Biden to choose his ministers.

“There is no doubt about Dr. Yellen’s qualifications,” said Chuck Grassley, before voting for Yellen. “But that doesn’t mean I don’t have any concerns, but they are policy concerns. I don’t support some of what I believe will be some of Dr. Yellen’s political agenda. . “

Other Republicans on the Commission took a similar approach, praising and raising concerns.

Ohio Senator Rob Portman said, “I think Janet Yellen is very capable. As I mentioned earlier, he is probably one of the most capable.” “I was encouraged by a conversation with her about financial health. She becomes the voice of financial soundness within the administration when she has an unprecedented level of deficit and maximum debt. I said it would be. “

“There is a strong disagreement with Dr. Jellen on many of her positions, especially in the area of ​​tax policy, but she will work with us on these issues and our concerns,” said Idaho Senator Mike. I promised. ” Republican Klapo. “And I think the strong vote on our part to support her today is a sign that we want to get involved.”

Yellen was also the first woman to chair the Federal Reserve Board before becoming the first woman to lead the Treasury. She is the third member of President Biden’s cabinet confirmed by the Senate, following Director of National Intelligence Avril Haines and Secretary of Defense retired General Lloyd Austin.

Janet Yellen confirmed as Treasury Secretary with bipartisan support

Source link Janet Yellen confirmed as Treasury Secretary with bipartisan support

Back to top button