China News Service, January 26. According to "Central News Agency", the US Senate passed a personnel bill to nominate Janet Yellen as the 78th U.S. Treasury Secretary on January 25, making her the first U.S. Treasury Department in 232 years. A female minister.
Data map: Former Federal Reserve Chairman Janet Yellen.
Photo by China News Agency reporter Deng Min
On the same day, the Senate approved Yellen's personnel bill with 84 votes in favor and 15 votes against it, making her the third cabinet member to be approved by the Biden administration.
Yellen is expected to seek Congress to pass Biden's $1.9 trillion new crown epidemic relief plan.
This bailout case has been strongly opposed by the Republicans, who believe that the amount of bailout is too high.
Yellen, 74, was a professor at the University of California, Berkeley.
Before taking over the Treasury, she had held senior economic positions for many years. From 2014 to 2018, she became the first woman to serve as the chairman of the Federal Reserve; after that, she also led the White House Council of Economic Advisers.
According to reports, after taking office, Yellen will play an important role in shaping and guiding the direction of Biden's economic policy.
In global fiscal affairs, she will represent the Biden administration and lead the huge Treasury Department, responsible for overseeing the tax collection of the U.S. Internal Revenue Service, formulating bank regulatory policies, and acting as a bridge between the government and Wall Street.
In addition, Yellen will also assist in the implementation of trade regulations and is committed to repairing relations with other countries.