Biden transition team said that Janet Yellen has previously been confirmed by the Senate on four separate occasions.(AP)
Biden transition team said that Janet Yellen has previously been confirmed by the Senate on four separate occasions.(AP)

Biden confirms nomination of Janet Yellen, ex-Federal Reserve chair, as treasury secretary

Yellen served as the 15th Chair of the Federal Reserve, the first woman to lead America’s central banking system since its creation.
By hindustantimes.com | Edited by Kunal Gaurav | Hindustan Times, New Delhi
UPDATED ON NOV 30, 2020 09:27 PM IST

US president-elect Joe Biden on Monday confirmed the nomination of former Federal Reserve chair, Janet Yellen, for the position of the treasury secretary. Biden’s transition team announced the nomination, saying if confirmed, she will be the first woman to lead the department in its 231-year long history. The team said that Yellen has previously been confirmed by the Senate on four separate occasions, indicating her acceptability across the aisle.

“Janet Yellen is nominated to serve as Secretary of the Treasury. If confirmed, she will be the first woman to lead the Treasury Department in its 231-year history,” the transition team said in a statement.

After the announcement, the American economist said that the country faces “great challenges”, and vowed to work every day towards rebuilding the American dream. Taking to Twitter, Yellen described the American dream as “a society where each person can rise to their potential and dream even bigger for their children.”

 

Christine Lagarde, president of the European Central Bank, extended congratulations to Yellen and hailed her as a “trailblazer for women”. The former chairperson of the International Monetary Fund (IMF) said that she looks forward to tackling the global economic challenges together.

“Congratulations to my friend Janet Yellen on her nomination as US Treasury Secretary. Her intelligence, tenacity and calm approach make Janet a trailblazer for women everywhere. I look forward to tackling yet again the global economic challenges we are facing, together,” she tweeted.

Yellen served as the 15th chair of the Federal Reserve, the first woman to lead America’s central banking system since its creation. She also served as vice-chair of the federal body from 2010 to 2014, following an earlier term on the Federal Reserve Board of Governors and as president of the Federal Reserve Bank of San Francisco.

Also Read | Joe Biden looks to fill out economic team with diverse picks

The transition team announced other key members of Biden’s economic team, including Neera Tanden as the director of the Office of Management and Budget and Wally Adeyemo as deputy secretary of the Treasury. It assured that the crisis-tested economic team will help Biden and vice president-elect Kamala Harris lift America out of the current economic downturn.

“These choices reflect the president-elect’s commitment to building an administration that looks like America, drawing on the diverse backgrounds and lived experiences of some of our nation’s foremost economic experts,” the team stated.

SHARE THIS ARTICLE ON
app
Close
View of buildings in the City financial district of central London in the rain during England's third national lockdown to curb the spread of coronavirus( AP)
View of buildings in the City financial district of central London in the rain during England's third national lockdown to curb the spread of coronavirus( AP)

UK could introduce hotel quarantine for high-risk arrivals

Bloomberg
PUBLISHED ON JAN 27, 2021 06:37 AM IST
The UK government will introduce a limited hotel quarantine system for passengers arriving from the highest-risk countries, according to a person familiar with the matter.
Close
People wait in line at a coronavirus disease testing clinic at Mona Vale Hospital in the wake of a new outbreak in the Northern Beaches area of Sydney, Australia(REUTERS)
People wait in line at a coronavirus disease testing clinic at Mona Vale Hospital in the wake of a new outbreak in the Northern Beaches area of Sydney, Australia(REUTERS)

No local Covid-19 cases in Australia for 10 days in a row

Reuters, Canberra
PUBLISHED ON JAN 27, 2021 06:33 AM IST
Australia's most populous state NSW has recorded no local cases for 10 days after low single digit numbers earlier in January.
Close
The Biden-Harris Administration will increase overall, weekly vaccine supply to states, tribes and territories from 8.6 million doses to a minimum of 10 million doses.(AP)
The Biden-Harris Administration will increase overall, weekly vaccine supply to states, tribes and territories from 8.6 million doses to a minimum of 10 million doses.(AP)

Biden administration to buy 200 million additional Covid-19 vaccine doses

ANI
PUBLISHED ON JAN 27, 2021 05:48 AM IST
Earlier in the day, US President Joe Biden announced that further measures would be undertaken to ramp up the vaccination campaign in the country.
Close
In a package of four directives on Tuesday, Biden delivered his first policy response to nationwide protests over institutionalized racism.(AP)
In a package of four directives on Tuesday, Biden delivered his first policy response to nationwide protests over institutionalized racism.(AP)

Joe Biden targets housing, private prisons in first equality moves

Bloomberg
PUBLISHED ON JAN 27, 2021 05:23 AM IST
One memo directs the Department of Housing and Urban Development to review and change policies from the Trump administration that undermined protections under the Fair Housing Act, the White House said.
Close
Some airline officials worry such requirements could curtail already weak demand for air travel.(HT photo)
Some airline officials worry such requirements could curtail already weak demand for air travel.(HT photo)

US 'actively looking' at mandating Covid-19 testing for domestic air travel

Reuters
PUBLISHED ON JAN 27, 2021 05:17 AM IST
The CDC said Sunday it would not grant waivers to exempt travelers from some countries with limited testing capacity. Numerous U.S. airlines had sought waivers.
Close
The release added that with the additional doses the United States will have enough vaccines to fully vaccinate 300 million Americans by the end of the summer.(Bloomberg Photo)
The release added that with the additional doses the United States will have enough vaccines to fully vaccinate 300 million Americans by the end of the summer.(Bloomberg Photo)

Kamala Harris gets second Covid-19 vaccine dose, urges everyone to do likewise

ANI, Washington
PUBLISHED ON JAN 27, 2021 05:15 AM IST
Following a slow roll-out, after two coronavirus vaccines received emergency approval in December, the United States administered more than 1 million shots daily for the past week.
Close
Tirumurti said that the world needs to consequently prioritise our specific aspect of peacebuilding which will have the highest impact in the post-conflict situations so that the funds are utilized to the optimum.(Reuters/ File photo)
Tirumurti said that the world needs to consequently prioritise our specific aspect of peacebuilding which will have the highest impact in the post-conflict situations so that the funds are utilized to the optimum.(Reuters/ File photo)

India pledges USD 150,000 for UN peacebuilding

ANI, New York
PUBLISHED ON JAN 27, 2021 05:13 AM IST
"We extend our support to the activities of the peacebuilding fund and as a token of our engagement, India would like to announce today a pledge of USD 150,000 to the fund's activities and program this year," said TS Tirumurti.
Close
The UK has struggled to counter a brutal third wave blamed on a new variant that emerged there before Christmas before spreading to dozens of countries around the world.
The UK has struggled to counter a brutal third wave blamed on a new variant that emerged there before Christmas before spreading to dozens of countries around the world.

100 million cases worldwide, as US seeks to reset its Covid fight

AFP
PUBLISHED ON JAN 27, 2021 05:11 AM IST
  • The United States, which passed 25 million confirmed cases last weekend, remains the country with the largest outbreak -- and the largest death toll of over 420,000.
Close
A lone bus passenger sits on the top deck, wearing a mask to prevent the spread of COVID-19, in Oxford Street London(AP)
A lone bus passenger sits on the top deck, wearing a mask to prevent the spread of COVID-19, in Oxford Street London(AP)

Britain readies for painful lessons as Covid-19 death toll crosses 100,000

Bloomberg
PUBLISHED ON JAN 27, 2021 04:35 AM IST
Now in the midst of its third national lockdown, the UK has hit the devastating milestone of 100,000 deaths from Covid-19.
Close
Biden has pledged to provide 100 million Covid vaccine shots in his first 100 days in office and he said the administration was increasing its overall weekly vaccine supply to states and territories.(Bloomberg)
Biden has pledged to provide 100 million Covid vaccine shots in his first 100 days in office and he said the administration was increasing its overall weekly vaccine supply to states and territories.(Bloomberg)

Biden says US will have enough Covid vaccines for entire population

AFP, Washington
PUBLISHED ON JAN 27, 2021 04:29 AM IST
  • The latest purchase would take the total number of Covid-19 doses ordered by the government to 600 million.
Close
US President Joe Biden speaks in the State Dining Room of the White House in Washington, DC. (Bloomberg)
US President Joe Biden speaks in the State Dining Room of the White House in Washington, DC. (Bloomberg)

US prez Biden, Vladimir Putin speak over phone, discuss nuke treaty, Navalny

Reuters, Washington, Dc
UPDATED ON JAN 27, 2021 04:36 AM IST
The phone call topics included Biden's proposal to extend the New START nuclear arms treaty with Russia for five years and "strong (US) support for Ukraine sovereignty" in the face of ongoing Russian aggression.
Close
Britain's Prime Minister Boris Johnson leaves the podium after leading a virtual press conference on the Covid-19 pandemic, inside 10 Downing Street in central London(AFP)
Britain's Prime Minister Boris Johnson leaves the podium after leading a virtual press conference on the Covid-19 pandemic, inside 10 Downing Street in central London(AFP)

'As PM, I take full responsibility': Johnson as UK's Covid toll crosses 100,000

AFP, London
PUBLISHED ON JAN 26, 2021 11:49 PM IST
  • UK is the first country in Europe where more than 100,000 people have died from coronavirus.
Close
Senators voted 78-22 to approve Blinken, a longtime Biden confidant, as the nation’s 71st secretary of state, succeeding Mike Pompeo.(Reuters)
Senators voted 78-22 to approve Blinken, a longtime Biden confidant, as the nation’s 71st secretary of state, succeeding Mike Pompeo.(Reuters)

Antony Blinken succeeds Mike Pompeo as 71st secretary of state

AP, Washington
PUBLISHED ON JAN 26, 2021 11:31 PM IST
  • Blinken, 58, served as deputy secretary of state and deputy national security adviser during the Obama administration.
Close
Space X's Falcon 9 rocket lifts off from space launch complex 39A at Kennedy Space Centre, Florida. (AFP Photo)
Space X's Falcon 9 rocket lifts off from space launch complex 39A at Kennedy Space Centre, Florida. (AFP Photo)

First private space crew paying $55M each to fly to station on a SpaceX rocket

AP, Cape Canaveral
PUBLISHED ON JAN 26, 2021 11:01 PM IST
  • The first crew will spend eight days at the space station, and will take one or two days to get there aboard a SpaceX Dragon capsule following liftoff from Cape Canaveral. Each of these first paying customers intends to perform science research in orbit.
Close
A traveler wears a mask as she walks through Terminal 3 at O'Hare International Airport in Chicago.(AP File Photo )
A traveler wears a mask as she walks through Terminal 3 at O'Hare International Airport in Chicago.(AP File Photo )

Rate of guns seized at US airport checkpoints jumped in 2020

AP, Washington
PUBLISHED ON JAN 26, 2021 10:36 PM IST
  • The Transportation Security Administration said Tuesday that screeners found 3,257 firearms on passengers or in their carry-on bags in 2020, or about 10 for every million travelers. About 83% of the guns were loaded.
Close
SHARE
Story Saved
OPEN APP