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Senate Finance Committee to consider Yellen as treasury secretary before Inauguration Day
Biden: ‘No one is better-prepared’ to deal with this crisis than Janet Yellen
President-elect Joe Biden nominates Janet Yellen for Treasury Secretary.
Senate Finance Committee Chairman Chuck Grassley on Wednesday said the panel would consider President-elect Joe Biden's nominee for treasury secretary, Janet Yellen, next week ahead of Inauguration Day.
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Grassley, R-Iowa, said the hearing for Yellen will take place on Tuesday, Jan. 19. To be confirmed, Yellen needs a simple 51-vote majority in the Senate.
WHO IS JANET YELLEN?
When she was confirmed in 2014 as chair of the Federal Reserve, she received 26 "nays" from senators, 19 of whom are still in the upper chamber of Congress. There were 18 "not voting" – 12 of whom are still sitting senators – and only three lawmakers crossed party lines to vote in favor of her nomination: Sens. Susan Collins of Maine, Lisa Murkowski of Alaska and Richard Burr of North Carolina.