The US Senate confirmed, and Janet Yellen will be the Treasury’s first female secretary

The US Senate confirmed, and Janet Yellen will be the Treasury's first female secretary

United States Senate confirmed this Monday (25 January 2021) Janet Yellen For the post of Secretary of the US Treasury. There were 84 votes in favor and 15 in favor.

The 74-year-old economist was nominated by President Joe Biden and will be the first woman to hold the post.

Yellen will be the supreme authority on fiscal policy in the United States, leading the Treasury Department, responsible for negotiating with Congress on economic stimulus packages amid the Kovid-19 epidemic. It will make important decisions about the country’s government spending.

Biden was also now the first woman to head the Secretary of the Fed (Federal Reserve, US Central Bank) and was also the head of the White House Council of Economic Advisors.

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About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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