Treasury Secretary Janet Yellen will head up the United States' fiscal and monetary affairs. ASSOCIATED PRESSKey FactsThe Senate confirmed Yellen's appointment Monday evening in a vote of 84 to 15, making her the nation's most powerful person on fiscal and monetary matters; she succeeds former Treasury Secretary Steven Mnuchin as the first woman heading up the department. Senate Majority Leader Mitch McConnell (R-Ky.) indicated early Monday afternoon he would vote in favor of Yellen's confirmation, but Senators Tom Cotton (R-Ark. Chief Critic“We’re looking at another spending blowout,” Sen. Patrick Toomey (R-Penn) said Tuesday of Yellen's bold spending agenda. Further ReadingJanet Yellen Wants Lawmakers To ‘Act Big’ On Stimulus (Forbes)Biden Picks Janet Yellen For Treasury Secretary (Forbes)

Source: Forbes January 25, 2021 23:15 UTC