Janet Yellen Is Unanimously Approved by Senate Committee

Janet Yellen Is Unanimously Approved by Senate Committee

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Janet Yellen Is Unanimously Approved by Senate Committee

On Friday, Janet Yellen’s nomination as Treasury secretary was approved unanimously by the Senate Finance Committee. It will head for final vote by the full Senate.

“This is an urgent nomination — you look at yesterday’s unemployment numbers still right at the top of all-time records, and it’s my hope that when Janet Yellen is in place, she will work with us to come up with a strong economic package.” “I think that in her testimony before this committee really focused on how she was going to focus on Main street instead of Wall Street, or at least and there’s a lot of policy that she has to continue to focus on, and making sure that shadow banking isn’t a key aspect of the challenges we face in making sure that depositors interests are looked after. But I really do hope that she can lead a new day at Treasury to focus on the Main Street issues.” “I have very strong disagreements with Dr. Yellen on a number of her positions, particularly in the tax policy arena. But she has committed to us that she will work with us on these issues, and the concerns that we have. And I think the strong vote on our side to support her today is an indication that we want to engage. And I simply want to ask my colleagues to engage with us, and Dr. Yellen to engage with us as we develop the new policies.” “I congratulate Dr.Yellen on her nomination. And I will say a second time that I will support it.” “Mr. Chairman, the final tally is 26 ayes, zero nays.” “The nomination will be reported unanimously from the committee.”

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