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US Senate Confirms Janet Yellen as Next Treasury Secretary

US Senate Confirms Janet Yellen as Next Treasury Secretary
folder_openUnited States access_time3 years ago
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By Staff, Agencies

The US Senate voted to confirm Janet Yellen as the Treasury Secretary on Monday, with 84 Senators supporting her nomination and 15 saying no after voting was wrapped up.

Yellen will become the first woman to run the US Treasury Department.

She is the third member of new US President Joe Biden cabinet to be confirmed.

Also on Monday, The US Senate Foreign Relations Committee advanced the nomination of Anthony Blinken for the position of State Secretary, voting 15-3 in his favor. The nomination will head to the Senate floor for a final confirmation vote.

Biden announced Yellen as his pick for the job in November 2020, and the Senate Finance Committee unanimously approved her candidacy earlier in the month.

It is unknown when Yellen will take over from current Treasury Secretary Steven Mnuchin. According to reports, she will be sworn in on Tuesday ceremonially.

A professor emerita in the Haas School of Business in the University of California, Yellen chaired the Federal Reserve from 2014 to 2018, appointed by former US President Barack Obama.

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