November 30, 2020

Biden taps Janet Yellen as Treasury secretary

Washington (AFP) – US President-elect Joe Biden on Monday formally tapped ex-Federal Reserve chair Janet Yellen to lead the Treasury, as he named officials to try to revitalize the world’s largest economy.The United States is struggling with a massive Covid-19 outbreak that’s caused tens of millions of layoffs while sharply slowing annualized growth, and with cases surging again and Congress deadlocked over more aid.If confirmed by the Senate, Yellen, 74, will be the first female Treasury head in its history, and likely be tasked with breaking the deadlock over aid in Washington, should lawmak…


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