Yellen Confirmation for Treasury Could Come as Soon as Thursday

Yellen Confirmation for Treasury Could Come as Soon as Thursday

Bloomberg  | Jan 20, 2021 02:36

Yellen Confirmation for Treasury Could Come as Soon as Thursday

(Bloomberg) -- Janet Yellen’s nomination for Treasury secretary could be approved by the Senate as soon as Thursday, senators indicated during her confirmation hearing.

Ron Wyden, the ranking Democrat on the Senate Finance Committee, said he hoped the full chamber could vote on Thursday, given that Democrats and Republicans agreed to have written follow-up questions ready for Yellen by the close of business on Wednesday.

Republican Senator Michael Crapo responded that he would discuss the timing with outgoing committee chair Chuck Grassley. “We will work with members on our side to work expeditiously,” Crapo said.

By comparison, outgoing Treasury Secretary Steven Mnuchin was confirmed by the Senate and sworn in on Feb. 13, 2017. His confirmation was delayed by a complicated ethics waiver that required him to divest stakes in 43 investments to avoid a conflict of interest. He is one of the richest Treasury secretaries in recent history.

©2021 Bloomberg L.P.

© Bloomberg. Janet Yellen Photographer: Andrew Harrer/Bloomberg

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (UK) English (India) English (Canada) English (Australia) English (South Africa) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Polski Português (Portugal) Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+

Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.