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The Treasury secretary is adding her support to a widely discussed proposal as part of the Biden administration's tougher approach to corporate taxes.
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Janet Yellen was confirmed by the Senate to serve as Treasury secretary. She'll be the first woman to hold that post and will lead the Biden administration's efforts to address the pandemic recession.
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At her confirmation hearing Tuesday, Treasury Secretary-designate Janet Yellen warned that without more federal help, the recession would last longer and be more painful than necessary.
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With coronavirus cases spiking and the job market struggling, President-elect Joe Biden announces the advisers who he hopes can guide the U.S. back to solid economic footing.
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President-elect Joe Biden is introducing key members of his incoming economic team. The nominees and appointees include former Federal Reserve Chair Janet…
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Among the names: Cecilia Rouse is nominated as chair of the Council of Economic Advisers. If confirmed, she'll be the first Black woman, and just the fourth woman overall, to lead the CEA.
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Joe Biden plans to nominate the former Federal Reserve chair as his Treasury secretary. She would play a leading role in helping the economy recover from the pandemic.