Janet Yellen sworn in as US Treasury secretary

By Irwin Curtin, Managing Editor, MNE Tax

Janet Yellen was sworn in Tuesday as the nation’s 78th Treasury secretary. She is the first woman to hold the job in the department’s 232-year history.

Yellen, a former chairperson of the Federal Reserve, was approved by the Senate Monday on an 84-15 vote, becoming the third member of President Joe Biden’s Cabinet to win confirmation. The 15 votes against her all were cast by Republicans.

Yellen is expected to play a key role in attempting to gain congressional approval of Biden’s $1.9 trillion coronavirus relief package.

–Irwin Curtin is a Managing Editor at MNE Tax.